After raising upward of $15 billion dollars in its first day as a public company, Facebook has acquired social gifting app Karma and all 16 of its employees.

The app is designed to help Facebook users find reasons to give one another gifts, identifying birthdays and special occasions.

It’s an acquisition, not an “acqhire.” So, interestingly enough, the service will stay up and functioning, Karma said on its company blog. As Karma put it, “The service that Karma provides will continue to operate in full force.”

Facebook makes acquisitions all the time, but it’s rare that it keeps the service up and running afterward. Instagram is the only previous example. Some services like FriendFeed are still alive, but only in maintenance mode.

It’s also yet another mobile acquisition, coming directly after the acquisitions of Glancee and Lightbox. As many have pointed out, Facebook has a weak mobile experience; it seems the company is wasting no time in beefing it up.

“We’ve been really impressed with the Karma team and all they accomplished in such a short time,” a Facebook spokesperson told AllThingsD in a statement. “This acquisition combines Karma’s passion and innovative mobile app with Facebook’s platform to help people connect and share in new and meaningful ways.”

Snapped up relatively quickly after being founded in June of last year by the creators of Tapjoy, Karma’s background is well-pedigreed; the app was funded by Kleiner Perkins, Obvious Corporation, Sequoia Capital and Felicis Ventures.

Karma is designed to help users find reasons and inspirations to give gifts to their Facebook friends, by identifying their birthdays and other occasions (it also works without logging into Facebook).

The selected products seem to mostly be on the fancy, hipster side of the spectrum. They include jewelry and artsy home decor, chocolates and champagne, and Netflix and Spotify subscriptions.

After the giver picks a gift and chooses a custom card, Karma texts, emails or Facebook-messages the recipient to personalize the gift (by picking colors, sizes, etc.) and enter a shipping address.

Karma was founded in June 2011 by the co-founders of Tapjoy, and is funded by Kleiner Perkins, Obvious Corporation, Sequoia Capital and Felicis Ventures.

There are many so-called “social shopping” apps, but Karma’s gifting concept — with its focus on decreasing the friction between gift buyer and recipient — helps this one really live up to the name, for once. Tricia Duryee has written lots on other companies in the space; here, for example.

I couldn’t easily find the Karma app, which was just released, by searching in the Apple store tonight, but here are direct links for iOS and Android.

As you may recall, Tesla sued Fisker Coachbuild back in April, charging that founder Henrik Fisker stole valuable company design ideas and trade secrets after it hired him to design the company’s oft-delayed plug-in electric-powered WhiteStar hybrid sedan.

Tesla claimed Fisker sabotaged the WhiteStar project by purposely drafting a subpar design that set it back three to six months, then stole proprietary Tesla technology and used it to build a competing car–the Fisker Karma. Unveiled at the Detroit Auto Show this past January, the $80,000 Karma had been scheduled to arrive at market in late 2009. Because of the production delays allegedly caused by Fisker’s designs, the WhiteStar won’t arrive until 2010.

“I think it’s ironic that Fisker chose to name his car the Karma, when what he’s done is very bad karma,” Tesla attorney Adam C. Belsky said back in April.

The arbitrator, it seems, didn’t quite agree. “The evidence is overwhelming that Fisker did nothing wrong,” he found. “The assertion of violations of the Uniform Trade Secrets Act by Fisker were baseless and neither brought nor pursued in good faith.”

A tough break for Tesla, which has been hit hard by the financial crisis, so hard that it was forced to borrow $40 million to cover its costs earlier this week.

I am sure this will be the dumb-as-a-box-of-hammers reasoning this group of Web 2.0 folks gives for this odd video effort, doing a lip-synch romp on their group vacation in Cyprus to Journey’s “Don’t Stop Believin’,” and then posting it for all to see on Vimeo.

It is titled: “20 world Internet citizens met in the Turkish Republic of Northern Cyprus in October of 2008 for a week of reflections on life, love, and the Internet.”

Um, kids, here’s a reflection: While you swim in that pricey infinity pool in your luxury villa, Silicon Valley is tanking all over the place. You might want to check your email and see if Sequoia Capital or Ron Conway has cost-cutted you out of a job!

Oh, sorry, BoomTown’s karma is so negative, isn’t I?

But the video gave me flashbacks to heedless-partying-until-the-bomb-fell attitude before the popping of the Web 1.0 bubble. It obviously still burns.

The group rollicking includes Blip.tv’s Mike Hudack, Facebook’s Dave Morin, Drop.io’s Sam Lessin and–well, um, eek, bad idea, awkward!–tech reporter Jessica Vascellaro of The Wall Street Journal.

Here is the video:

UPDATE: Apparently, the makers of the video have made it private on Vimeo and blocked it on YouTube, likely due to the reaction to it, but you can see it here.