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March 30, 2012 01:49 am GMT
Foursquare today rolled out the ability for users to add short personal “bios” to their profile pages on the site. These bios are limited to 160 characters or less, and can be imported directly from a user’s Twitter account or written from scratch. It’s another small step in Foursquare’s progression from a fun app that plugs into sites such as Facebook and Twitter to a more self-contained, standalone social network in its own right. Since the company secured $50 million in funding at a $600 valuation last summer, Foursquare has been steadily adding new features such as restaurant recommendations and passive location detection aimed at fleshing out the experience of using the app and increasing its stickiness. These moves seem to be working: Users are growing worldwide, and investors seem pretty happy with Foursquare’s evolution as well. As our own Eric Eldon reported earlier this month, Spark Capital is said to have bought up as much as $50 million more of the company’s stock from its employees. But this is no time for the three-year-old Foursquare to relax. Apps in the social location mobile space (also known gratingly as SoLoMo) are hotter than ever, and new entrants in the space such as Highlight and Glancee are getting lots of buzz. Small, iterative feature additions like today’s show that Foursquare is keeping up its own hustle as the competition continues to grow.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QAPPNiy9n28/
Foursquare Adds Bios To Profile Pages, Evolving As A More Self-Contained Social Network
Foursquare today rolled out the ability for users to add short personal “bios” to their profile pages on the site. These bios are limited to 160 characters or less, and can be imported directly from a user’s Twitter account or written from scratch. It’s another small step in Foursquare’s progression from a fun app that plugs into sites such as Facebook and Twitter to a more self-contained, standalone social network in its own right. Since the company secured $50 million in funding at a $600 valuation last summer, Foursquare has been steadily adding new features such as restaurant recommendations and passive location detection aimed at fleshing out the experience of using the app and increasing its stickiness. These moves seem to be working: Users are growing worldwide, and investors seem pretty happy with Foursquare’s evolution as well. As our own Eric Eldon reported earlier this month, Spark Capital is said to have bought up as much as $50 million more of the company’s stock from its employees. But this is no time for the three-year-old Foursquare to relax. Apps in the social location mobile space (also known gratingly as SoLoMo) are hotter than ever, and new entrants in the space such as Highlight and Glancee are getting lots of buzz. Small, iterative feature additions like today’s show that Foursquare is keeping up its own hustle as the competition continues to grow.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QAPPNiy9n28/
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