Hey Foursquare, Time To Close That Round Of Funding Before Facebook Chops Off Your Head

You hear that? It’s the sound of Foursquare’s  valuation dropping.

What’s causing it? The news that Facebook is about to release its location product.

If Foursquare hasn’t made a decision yet about selling to Yahoo or raising a fresh round, it had better hurry up.

If Facebook doesn’t botch its location product, people could start using Facebook’s location app before they’ve even heard of Foursquare.

See Also: The Foursquare Funding Race, Everything You Want To Know

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.