Foursquare Labs: Raise or fold location-based app

04/26/2010 | Bloomberg Businessweek · Observer (London), The

Foursquare Labs will make a key decision on its future growth path soon, according to CEO Dennis Crowley, who said Friday, "We'll have it resolved in a couple of weeks. I want to end the distractions and get back to work." The company, which has grown from 170,000 users at the end of 2009 to 1 million as of last week, sends coupons and other promotional items to mobile phones based on a user's location.

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Bloomberg Businessweek · Observer (London), The

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