Loopt and Green Dot: A Storified View

Loopt’s sale for $43 million to Green Dot last week seemed odd: Green Dot? The stodgy banking company known mainly for its prepaid cards? The company stands in contrast to Loopt’s Internet startup pedigree. But as Loopt founder Sam Altman suggested, location-based services are about loyalty. And as TechCrunch chimed in, Loopt may just be the tool Green Dot needs to go after mobile payments. The whole thing led the Twitterverse to begin proposing exits for Foursquare. Here’s our Storified roundup on the news: