Facebook kills physical Gifts in favor of digital redemption codes

Not even a year after its inception, Facebook is killing physical Gifts. According to TechCrunch, the social media giant is ending its intermediary role for sending teddy bears, wine and chocolate (sounds romantic, no?) from its partners. Instead, it's focusing on its own gift card, as well as redemption codes for iTunes credits and the like. Why? Well, aside from the cash the company will save, users simply weren't buying physical Gifts all that much. The new Gift page will begin rolling out to ten percent of the site's US userbase over the weekend, and the entire stateside population should see it within two weeks. It's a little less personal, sure, but at least you won't have to worry about getting your loved ones gift receipts.