tech:

taffy

Facebook Acquires Gowalla, Opens First East Coast Office

By Sudarshana Banerjee

Facebook has acquired location-sharing service Gowalla, reports Laurie Segall of CNN Money, citing sources close to the company. It is believed most of Gowalla’s employees, including founder Josh Williams, will now move to Facebook’s Palo Alto headquarters, and work on the social network’s Timeline functionality. We will share more information as get updates, but right now neither Facebook, nor Gowalla is talking.

According to a press release from Facebook, the company is also establishing an engineering presence in New York City. The Facebook NYC engineering office, the company’s first outside the West Coast, will open in early 2012 and will begin accepting applications immediately.

The office will be led by Serkan Piantino, an engineering manager at Facebook who previously managed the engineering team behind Facebook’s News Feed and built the infrastructure behind Timeline. He currently manages the engineering teams that power Facebook Messages and Chat.Jay Parikh, who oversees Facebook’s infrastructure team, will serve as the executive sponsor for the new office.

Just in

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.