technology May 18, 2012

Facebook Also Bought a Company Today

By Joe Coscarelli

Facebook CEO Mark Zuckerberg delivers a keynote address during the Facebook f8 conference on September 22, 2011 in San Francisco, California. Facebook CEO Mark Zuckerberg kicked off the conference introducing a Timeline feature to the popular social network.

Photo: Justin Sullivan/Getty Images

In addition to raising $16 billion with its initial public offering on Friday, Facebook purchased a “mobile gifting service” called Karma (!), because nothing calms Mark Zuckerberg down during a stressful day like continuing to take over the world.

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