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Foursquare , stylized as foursquare , is a location-based social networking website for mobile devices, such as smartphones . Users "check in" at venues using a mobile website , text messaging or a device-specific application by selecting from a list of venues the application locates nearby. [ 3 ] Location is based on GPS hardware in the mobile device or network location provided by the application. Each check-in awards the user points and sometimes "badges". The service was created in 2009 by Dennis Crowley and Naveen Selvadurai . http://en.wikipedia.org/wiki/Foursquare

Foursquare (service) - Wikipedia, the free encyclopedia

There’s some hoopla today that the location-based social network Foursquare has found its business model (and as such, has beaten the more mature Twitter to one). But hold your horses. While Foursquare does have an idea for how to eventually make money (as we’ve discussed in the past ), they aren’t actually focusing on making any just yet, co-founder Dennis Crowley confirmed to us today. While there is a Foursquare For Business section on the site now, there is no monetization plan for any of these deals yet. “ [We're] really just focusing on getting the product working properly (crashes / UX etc). [It's] worth noting that we don’t want to shoehorn biz stuff in at the last min, which is why we’re trying to get local merchants involved now. Even if all the deals are freebees, ” Crowley wrote to us in an email. http://techcrunch.com/2009/09/21/foursquare-hasnt-started-playing-the-monetization-game-just-yet/

Foursquare Hasn’t Started Playing The Monetization Game Just Yet

It’s 4SQ Day, But Foursquare Has (Almost) Nothing To Do With It

Erick Schonfeld is a technology journalist and the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily for the blog. http://techcrunch.com/2010/04/16/4sq-day-foursquare/
http://www.businessinsider.com/the-facebook-foursquare-rumors-and-everything-else-you-want-to-know-about-techs-hottest-funding-race-weve-seen-in-long-time-2010-4

The Facebook-Foursquare Rumors And Everything Else You Want To K

Digital Sky Technologies, the Russian firm that's invested in big winners Facebook, Zynga and Groupon, flirted with Foursquare a bit at SXSW this year, but the firm isn't interested -- not yet, at least.