Image Credits: Foursquare

7:03 AM PDT · October 21, 2026

Last month, advertising company Infillion acquired location-data platform Foursquare, a once popular social network, at an undisclosed value. Now, in a new blog post , Foursquare co-founder and former CEO Dennis Crowley said that investors didn’t see any returns from the sale.

Crowley referenced a post by an angel investor , inferred that neither preferred nor common stockholders got any value out of the deal, and said he was disappointed by the outcome.

“I was heartbroken by this ending. So many people put so much time and energy and passion and love into building Foursquare — the company, the products, the brand, the culture. If you were part of it (or even close to it), you know exactly what I’m talking about.…