A Virtual Currency Software Company Got Owned By Google

This news is roaming in the world of internet from the past few months that Google is planning to bring a new social networking platform that may kill Facebook and this planning is getting revealed in the company’s plans and actions. Recently we have got the news that Google has purchased a virtual currency software company that is called Jambool and this is a step towards its plans of social networking.

The announcement of this deal was made on the website of Jambool by Jambool’s founders, Chief Executive Officer Vikas Gupta and Chief Technology Officer Reza Hussein and according to their statement “When the opportunity arose to join forces with Google to execute against this vision, we couldn’t pass it up” and “We are thrilled to bring the Social Gold platform to Google’s global users”.

We all have seen that Google has its own transaction platform which is much like PayPal and may be with this new plan they are aiming to enhance that feature. For the aim of developing social networks, Google also acquired Slide which is the social media company Founded by PayPal veteran Max Levchin.

So this thing is now very clear that Google is actively working for its own new social platform and it can be expected that the beauties of this new social network will fall into the eyes of people using Facebook and the company succeeds in its plans.

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