Slashdot Mirror
Foursquare Turns Down $100M
theodp writes "Valleywag is stupefied that 'an annoying, unprofitable social network like Foursquare would turn down $100 million,' a move inspired in part by Twitter's 2008 rejection of a $500 million offer from Facebook, which in turn once rejected a $900 million bid from Yahoo. Time will tell whether the move by Foursquare was a prescient one, but it's certainly gutsy. After all, today's $850 million company can prove to be tomorrow's worthless one, right AOL?"
Christ, I don't think I've ever even heard of these guys. They should have took the money & ran.
Agreed. With that kind of money you could almost afford your own US Senator ... or US Representative at the least. With one of those they could start pushing their pro-Square agenda. For far too long the Mods and the Rockers have enjoyed an unquestioned two party system ...
My work here is dung.
These guys turning down the money are idiots, all idiots. Twitter cannot create the revenue to generate the profit to pay back $500m. Or $900m in the case of Facebook. They [owners] all should have sold it, they're never going to get that kind of money anywhere else. Have you seek Zuckerberg give presentations? The goofball can't even give a proper PR announcement, let alone get people excited about anything Facebook is doing.
This goes doubly so when the buyer will let the owner retain control.
I don't think Yahoo has any friends.
in hindsight, maybe that wasn't the best of ideas, because nowadays I'm a bit like AOL in that department
Not really. AOL is fucked.
We're going Fivesquare
"I invited your best friend Geocities, only he couldn't come, because you murdered him."
Quidquid latine dictum sit, altum sonatur.
The Next Big Thing? I didn't know there was a First Big Thing yet.
It is easier to do who you love when you are filthy rich.
I, for one, welcome our new square overlords. It'll give the "religious circles" a run for their money. I can see how the religious circles would be irked by the homo-erotic behavior of four squares vs a normal single square married to a traditional acute triangle. Then again, it's also much less dangerous as the known dangers of being stabbed to death on a daily basis don't exist. /flatland-humor