Foursquare Has 93% Penetration In Local Retail - Plus New $41 Million Note

Forbes reported today that Foursquare received $41 million in convertible debt and loans. That will certainly help the company as it tries to figure out its clear path to revenue. But in the meantime, as I reported a couple of weeks ago, Foursquare continues to engage with retailers and consumers. In my post on Consumer Feedback, here are some data points from a VenueLabs report: Of the storefronts with local channels, a whopping 93 percent were on Foursquare.