What do you do after taking your company public for $104 billion?


Buy something. Facebook announced, after trading closed on Friday, that it bought Karma, a startup that focuses on social gifting through mobile. Is this a hint of the Facebook future or is that the first company the champagne cork hit?

We talked on our show today about how Facebook might make a bigger splash on your phone, and Karma’s app falls right in line with that. The idea is that you can send your Facebook friends actual gifts, like a bottle of wine or a gift card, whenever you want, wherever they are. The app notifies your friend by text, email or Facebook that there’s a gift waiting, and voila! You’re not the guy who forgot to bring a gift to the party.

About the author

Marc Sanchez is the technical director and associate producer for Marketplace Tech Report where he is responsible for shaping the sound of the show.
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