The day Facebook launched 'Places', it's geolocation service, Foursquare reported experiencing record signups. Places works on the same principle as Foursquare; people check into places and frequent check-ins earn rewards. Notion was that Places would completely outdo Foursquare but according to a tweet by Foursquare CEO, Dennis Crowley, Foursquare had its 'biggest day ever' in terms of signups the day Places was launched.
http://tech2.in.com/india/news/websites/the-day-facebook-launches-039;places039;-foursquare-gets-record-signups/140302/0
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