Loopt Signs Verizon Wireless
Loopt, a mobile mapping/social networking service that lets you and your friends keep track of each other, has scored Verizon Wireless as its latest – and thus far greatest – customer.
According to Silicon Alley Insider, the start-up still has a host of hurdles to jump before it can claim success. First, there needs to be a lot more folks with GPS-enabled phones since that’s a Loopt requirement. Second, it might want to reconsider its planned $4-a-month fee, especially if it’s targeting the teen crowd that might be willing to pay for downloadable content but might not want to shell out the extra cash for a social network when so many free ones exist.
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