It’s like Fred got all down and out over his ETSY/TWTR positions and just wanted to go back in time and relive his go-go golden days, when investors were fucking morons and unprofitable social media plays were all the rage.
Leading a small group of corrupt and idiot investors, including Morgan Stanley, Andreesen Horowitz and Spark Capital, Fred is trying to make Foursquare great again (extra Trump).
Foursquare, which makes apps that helps users find restaurants and stores and “check” into them, also raised $45 million in funding, Glueck said in a blog post on Medium.
This series E funding round was led by Union Square Ventures with participation from Morgan Stanley, as well as previous investors including DFJ Growth, Andreessen Horowitz and Spark Capital.
The company expects this latest funding will aid its plans to fill 30 new positions in sales, engineering and other functions, according to Glueck’s blog post.
Foursquare planned a funding round in December, between $20 million and $40 million with one new investor, valuing the company at $250 million.
Does anyone actually use Foursquare anymore? Fuck that shit. I don’t want to be the “Mayor” of anything, let alone some restaurant. This company is worth exactly zero. Hopefully Fred & Co. can sucker Marissa Mayer from Yahoo to buy this heaping pile of waste, once again. Either way, this is a major “down round” for the happening social media app of 2007.
I can’t wait until it IPOs.
If you enjoy the content at iBankCoin, please follow us on Twitter
My 23 year old said.. “what is that?”
Wife said “that’s a game right?”
So no. I used to use it bit came to the realization it was stupid and of no value.
Looks like Fred is just throwing shit at the wall again.