Foursquare Teams With Daily Deals Sites

Coupons will be targeted to users' locations

Foursquare may boast a $600 million valuation and 10 million members, but the location-based social networking service is still having trouble actually making money. Now, to help augment its revenue, the company is partnering with outside daily-deals sites to resell coupons targeted to its users’ locations.

Deals from LivingSocial, Gilt Groupe, AT&T, BuyWithMe, and Zozi will be made available to Foursquare users through a new "Explore Now" tab in its mobile app. Foursquare CEO Dennis Crowley said the company will get revenue from the deals it sells for its partners, but declined to specify the breakdown, according to The Wall Street Journal.

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