Marketers often say that having a powerful new competitor in an emerging market sometimes, or often, is a good thing because it validates the market for all the contestants. That appears to be the case for Foursquare. At least, that is what Foursquare hopes is the case.
Foursquare CEO Dennis Crowley tweeted on Thursday that his company had its "biggest day ever in terms of new user signups."
The disclosure came one day after Facebook launched its location-based feature, which some industry pundits had deemed a "Foursquare killer."
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