Facebook Places or is this the end of FourSquare?

Submitted by Dean
Didn’t take a long for big guys to take on new kid on the block – Foursquare. Facebook announced Places. Applications that pretty much copying FourSquare. Oh, yes, you can’t become mayor yet. Not yet... But you can ‘check-in’ where you are, share places with your friends, let them know what is good, embrace local business... you know, in general everything you can do on FourSquare, just this time on Facebook. Hmm, even that name is known from somewhere, maybe www.google.com/places ? And don’t mix this with Google latitude! Will this kick off? Well Facebook have advantage of few million more users and some good backing up. Foursquare is maybe more focused, but Facebook have to get serious and make some good moves to stay on the top. Facebook have over 150 million mobile users worldwide, plus around 20% of Foursquare users oush their check-ins to their Facebook profile. This is a great advantage. And even that two companies announced they will work together, I don’t expect this love-story will last for long. There are some big money to be made with local business (expected $300M a year) and both companies are hungry for prove of the social-mobile-local concept – and high profitability. I recon Apple should roll out iPlace app... For more check http://www.facebook.com/places/

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