Foursquare Turns Down $100M 189
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?"
Re:WTF? (Score:5, Funny)
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 ...
idiots (Score:4, Funny)
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.
Re:WTF? (Score:5, Funny)
I don't think Yahoo has any friends.
AOL (Score:1, Funny)
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.
Fuck Everything (Score:5, Funny)
We're going Fivesquare
Comment removed (Score:2, Funny)
Re:location-based (Score:1, Funny)
The Next Big Thing? I didn't know there was a First Big Thing yet.
Re:Well.. (Score:3, Funny)
It is easier to do who you love when you are filthy rich.
Flatland (Score:2, Funny)
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