Could Facebook Buy Loopt?

When Facebook’s recent acquisition of Twitter failed, many questioned why the company would turn down $500 million in Facebook stock options. While the actual valuation amounted to $100 – $130 million, Facebook was clearly looking to acquire a company which would instantly bolster their presence while removing a potential competitor from the social networking space. Thomas Ramussen of the 451 Group, suggests that another potential acquisition is Loopt.

The logic for such an acquisition is a little bit foggy.