A millionth user has signed up for Foursquare

Recently, a promising Foursquare startup has crossed the 2 million registered users. The social network has recently developed at an accelerated pace, with 100,000 users joining its ranks weekly. The first million users registered on the network during the first year of existence, despite the fact that the new frontier was overcome in just 3 months.

The service allows you to mark places or places that you visit on city maps, leave feedback about them, record the frequency of visits, share this information with friends. The company agrees with the owners of establishments that the users of the service who most often visit certain places are given discounts. You can also track where your friends go and do it in near real time to join them. People advise each other delicious dishes in restaurants and bars, talk about discounts in stores, offer where to go in your free time.

For the past few months, Foursquare has shown impressive statistics for a startup. Recently, there has been an increased activity of service users, and now at least one person marks his location every second. It seems that the geolocation service is developing faster than its main competitor GoWalla .


An important role in the development was played by the recent attraction of $ 20 million of investments from the Adressen Horowitz Fund, which in particular caused a wave of publications in the online media. The company plans to spend investments on expansion of a staff of developers for development of services and moving to a new office. In addition, the company has many new interesting ideas and plans to add elements of social games to the functionality of the service that investors are counting on.
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It is worth noting that other Foursquare competitors have already crossed the mark of 2 million registered users. For example, MyTown did it in May, Brightkite reached the mark in February, and Loopt already crossed the line of 4 million users.
Congratulations to user Travis E., who became the 2 millionth member of Foursquare.

A source