Facebook acquires Gowalla to boost Timeline team

CNN is reporting that Facebook has acquihired Gowalla. The team will transition to Facebook’s Palo Alto offices to work on Facebook’s new Timeline feature.

CNN:

“As far as the big picture, Gowalla’s vision is about people telling stories, and Facebook’s vision for Timeline is about stories about important moments in life.”

Gowalla recently relaunched as a travel guide app. However, that plan will likely be put on hold now that the team has been acquihired. This clears up the social travel guide space for Trippy and Gogobot — two new startups that are hoping to crowd source travel recommendations.

UPDATED — Dec. 5th, 2011 — Confirmation from Gowalla:

Gowalla:

About two months ago, my co-founder Scott and I attended F8. We were blown away by Facebook’s new developments. A few weeks later Facebook called, and it became clear that the way for our team to have the biggest impact was to work together. So we’re excited to announce that we’ll be making the journey to California to join Facebook!

(Source: techmeme.com)