Green Dot says it will pay a total of $43.4 million for Loopt, including $9.8 million, which will be set aside "as a retention pool" for key Loopt workers.
Location-aware social network Loopt is adding support for Facebook Places, allowing friends to check in on both social networks at once, while tracking everyone's whereabouts on one map.
Loopt's location-aware deals service is expanding to make the process of finding and traversing to a nearby deal a more exploratory experience.
VCs are funneling funds into Foursquare, Gowalla, Loopt, and other apps that let users check-in and then broadcast their locations. We find out why on this week's show, featuring Claire Cain Miller of The New York Times and Adrianne Jeffries of ReadWriteWeb.
The money people in tech love check-in companies. VCs are funneling funds into Foursquare, Gowalla, Loopt, and other apps that let users check-in and then broadcast their locations to friends and businesses. Why? On the Roundtable today we discuss these start-ups, as well as Facebook's entry into this market, with Claire Cain Miller of the New York Times, and Adrianne Jeffries of ReadWriteWeb.
After launching an iPhone app this summer, the Android move was a natural next step for the location-based networking tool.
TechCrunch reports that the mobile friend-finding service has hired Allen & Co. to sell or finance the company.
The friend-tracking software developer has struck a new licensing deal with a Qualcomm subsidiary that should make it cheaper for wireless operators to offer location services.
The privacy considerations of this iPhone 3G application
A backlash to the Google Buzz backlash indicates that people have grown comfortable relinquishing their privacy. Call it Generation X-hibitionist, developing on Web sites like Loopt, FriendFeed, Flickr, and Blippy.