Gowalla Confirms its Shutdown

Just three months after its acquisition by Facebook, the company has announced that it will officially shutdown. It is obvious from the image given below, which is taken from the on the location startup turned travel guide’s homepage.

The decision to terminate its operations seems to come on right time. The company’s headquarters is located in Texas, which is a home to SXSW, scheduled for this week. It is the event known for promotions and launch of location based startups, such as Foursquare, the elder brother of Gowalla and the obvious winner among other location based startups. If an option is to make money in the check-in space, the Foursquare is certainly way ahead.

Gowalla was launched back in 2009 and it raised almost $10 million in funding from Greylock Partners and angel investors Chris Sacca, Kevin Rose and Jason Calacanis, among several others. It is, however, a strange fact that the official acquisition price hasn’t yet been revealed by either of the company. However, there are rumors suggesting that it is primarily owned by Facebook and had nothing much for the investors. Calacanis wrote in a statement claiming that “the actual result of the small amount of money I invested in Gowalla is that I’m getting back less in the form of Facebook shares.”

Those who forget to delete their accounts before the acquisition need not to worry as Facebook acquisition didn’t include all of the data the company has collected on your whereabouts over the years. Facebook doesn’t need all that as it already has enough data.

Enjoyed this article? Submit your email to receive daily news and updates.

***You must click confirmation link sent in email. If you don't see the email, check spam folder.

Filed in: Facebook, News Tags: , ,

Leave a Reply

Submit Comment

© 2022 Tech Readers. Reproduction without explicit permission is prohibited. All Rights Reserved. XHTML / CSS Valid.