buzzlabs | Street Fight

Street Fight Daily: 05.05.11

David Hirschman

Street Fight Daily: 05.05.11

A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.

Those who use social location-based apps such as Foursquare or Facebook Places represent just 17% of the mobile population, according to a new study. Of those opting out of participating in the checkin craze, or any other social location behavior for that matter, 48% cited privacy concerns as their primary reason for not doing so. (Mashable)…

During AOL’s earnings call, one of the top questions from analysts was what is AOL’s plan with Patch? The company dumped $40 million into the hyperlocal network for the second quarter in a row, and it didn’t generate much revenue. Here’s Tim Armstrong’s explanation. (Business Insider)…

IAC-owned local media and advertising property CityGrid Media is acquiring social media monitoring and sentiment analysis platform BuzzLabs. The company allows publishers to leverage social content, keeps consumers better informed, and helps local businesses monitor their presence across the web. (TechCrunch)…