Technology · 3 views
Foursquare co-founder says equity holders saw no returns from the company’s acquisition
Last month, advertising company Infillion acquired location-data platform Foursquare, a once popular social network, at an undisclosed value.
AI Summary
Infillion bought location‑data platform Foursquare last month for an undisclosed amount. In a blog post, Foursquare co‑founder and former CEO Dennis Crowley said investors received no returns from the acquisition. He cited an angel investor’s post to infer that neither preferred nor common stockholders derived any value from the deal and expressed disappointment with the outcome.
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