From TokenPost · · 40s
Crowley: Foursquare Shareholders Got No Value
Foursquare co-founder Dennis Crowley says shareholders received no value from Infillion’s acquisition of his company.
In brief
Foursquare co-founder Dennis Crowley says shareholders received no value from Infillion’s acquisition of his company. Foursquare co-founder Dennis Crowley claims shareholders gained no value from Infillion’s September acquisition of the location-data company. Originally reported by TokenPost.
Crowley's Shareholder Claim
Foursquare co-founder Dennis Crowley inferred shareholders received no value from Infillion’s September acquisition of the location-data company.
Funding and Performance
Foursquare raised over $411 million in funding and achieved consecutive years of revenue above $100 million after shifting focus to enterprise business.
Leadership Change Impact
Crowley blamed leadership transition for value loss, saying the move failed to preserve or create value for shareholders.
The headline
Foursquare co-founder Dennis Crowley claims shareholders gained no value from Infillion’s September acquisition of the location-data company.
