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Foursquare’s investors are losing interest

Before Facebook went public in May of 2012, venture capital firm Spark Capital Partners LLC “bought $30 million of Foursquare Labs Inc. stock from the startup’s employees in a deal that valued the four-year-old company at $760 million,” sources tell the WSJ.Well, what a difference seven months can make. These days, Foursquare is finding it immensely challenging to convince investors that it has retained that degree of value. According to today’s report, Foursquare is presently finding it difficult to pull in as little as $50 million in a new round of funding.

via Foursquare’s Woes Continues as Investor Interest Subsides | Mobile Marketing Watch.

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