Foursquare up for Sale?
Foursquare, the mobile location-sharing service who recently struck a partnership with the Wall Street Journal, has been rumored to be in acquisition talks lately, with Yahoo as one potential buyer. However, now CEO Dennis Crowley is saying that the company will decide within a few weeks whether or not to sell.
It’s interesting timing for such an announcement, considering that Foursquare just reached 1 million users. With a reported price tag of $100M, that’s valuing each user at $100 for their lifetime. Doesn’t seem like an awful lot, but then again, checking-in your current location — whether at a bar, restaurant, gym, library, or wherever — isn’t exactly a common practice and brings its own privacy concerns. It’s hard to say at this point whether it ever will be without some changes to the way check-in apps work.
Via The Where Business.
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