Gowalla is reportedly being acquired by Facebook.
Facebook has acquired Gowalla, which makes a location-based social-networking app for mobile devices, CNN reported tonight.
Some Gowalla employees will move to Facebook's Palo Alto, Calif., offices and work on Facebook's Timeline feature, an unidentified source close to Gowalla said.
Representatives for both Facebook and Gowalla provided statements to CNET via e-mail that said the companies "don't comment on rumors and speculation."
Austin-based...