Location-based mobile social network Foursquare has announced that it grew 3400% in 2010 and now serves over 6 million registered users. Foursquare has processed 380 million check-ins and processed over 30,000 at the Rally to Restore Sanity in Washington, DC last year. One of those check-ins came from outer space, earning a custom badge for NASA astronaut Doug Wheelock. Foursquare’s five most popular brand pages are for MTV, Bravo, the History Channel, Zagat, and VH1. The company now employs 50 people and is valued at $250 million. Foursquare plans to raise another round of funding later this year.
Foursquare founder Dennis Crowley has confirmed that both Facebook and Yahoo made acquisition offers to Foursquare in 2010. Foursquare turned down both offers in favor of its $20 million round from Andreessen Horowitz, at a $120 million valuation. Despite Foursquare’s rapid growth, location-based mobile services haven’t quite broken through to mainstream users. According to the Pew Research Center, only 4% of Internet users have ever used a location-based service and only 1% use such services regularly. Roughly 40% of Foursquare’s traffic comes from outside the US. Foursquare expects to serve over 10 million users by June of this year.
The Foursquare milestone data for 2010 was released as an infographic. You can see the infographic at the official Foursquare blog or view the complete image below.
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