Foursquare Retains its Customer Rates After Facebook Tries to Steal the Spotlight

Foursquare have strike 3 million consumers for its location-based social network.  Facebook opened a competitor site service, Facebook Places, in the middle of August. However, that evidently has not reduced awareness in Foursquare’s service, as several had apprehension. Foursquare’s enlargement is still go faster, the information show.

Foursquare needed a year to accomplish one million consumers three months to strike its next million, and six weeks to strike its third million. Certainly, Facebook Places is merely 12 days old, and you can not be expecting the bigger social network to humiliate Foursquare during the night. Although it will be motivating to observe if there is a win-win condition here, where together services can raise, or if one will raise simply at the cost of the other.


Facebook says it intended its Places applications programming interface as a platform for services similar to Foursquare, Gowalla and Booyah. Foursquare increased $20 million at a $95 million pre-money assessment from Andreessen Horowitz, Union Square Ventures, and O’Reilly AlphaTech Ventures. Rival service Booyah’s MyTown hit 3 million consumers previous this month and Loopt conceded 4 million consumers in July.