Foursquare, whose check-in software has become widely popular by Android users all over and is only second to Gowalla, may very well be turning down a buyout offer by Yahoo Inc. for a rumored $100 million dollars. Are they holding out for more money or being gun-ho developers protecting their baby?
Is $100 Million A Lot?
When you compare $100 million to the previous offers other up-and-coming websites with explosive growth have gotten in regards to buyouts, it is actually on the low side. Facebook turned down an offer of $1 billion by Yahoo Inc. back in 2007. Facebook ironically got their offer of $500 million to buyout Twitter rejected in 2008.