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Foursquare Turns Down $100M 189

Posted by CmdrTaco
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?"

Any sufficiently advanced technology is indistinguishable from a rigged demo. - Andy Finkel, computer guy

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