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Saturday, June 25, 2011

New funding for Foursquare

Location-based social network Foursquare has just raised raised $50 million in new funding, with much of the money coming from its current investors. It says the money will help it hire more engineers, develop its services for merchants, expand into new countries and “try a ton of new things”.

The company currently employs more than 70 people and has acquired over 10 million members since launching in March 2009.

[Foursquare blog]

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Categories: Applications, NewsNumber of views: 5705

Tags: location foursquare

1 comments on article "New funding for Foursquare"

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Greg

6/29/2011 8:20 AM

The AmEx / Foursquare coupon partnership offer merchants a much better deal than the likes of Groupon do. Although we don’t know the specifics of each merchant participation agreement, my educated guess is that American Express, as part of its strong push to position itself at the forefront of the fast-growing mobile payments industry, is subsidizing a great deal of the coupons’ value. After all, for AmEx this is just another form of a rewards program. This is definitely not the case with the Groupon deals, which typically cost merchants 50 percent of the already heavily discounted coupon’s value. I could never figure out why any merchant would agree to this. blog.unibulmerchantservices.com/why-the-amex-foursquare-mobile-coupon-push-is-good-for-merchants

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Opinion Articles

World class, my a**e!

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I recently had to, as a last resort, call the customer service department of a large communications company about a problem I currently have with a piece of equipment. I know I could have looked in the 150-page accompanying instruction manual but I haven't got half my life to spare! (as I mentioned in my previous blog piece on handsets!)

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Yet Android is catching up. Admittedly it’s still got a long way to go to match that six-figure total… but the signs are certainly there.

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Movon MB80 Bluetooth handsfree wristband review

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