Slashdot Mirror

← Back to Stories (view on slashdot.org)

Foursquare Turns Down $100M

Posted by CmdrTaco on from the stop-telling-me-where-you-are dept.

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?"

1 of 189 comments (clear)

  1. Well.. by ZeroExistenZ · · Score: 5, Informative

    Why would one offer them 100 mio for it if it's so worthless, for one.

    For two, why is money such a big deal? If you love what you do and can provide for yourself with it, why whore yourselves out? It's not about being filthy rich, but doing what you love, right?

    --
    I think we can keep recursing like this until someone returns 1