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Street Fight Daily: 04.25.11

David Hirschman

Street Fight Daily: 04.25.11

A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.… Foursquare CEO Dennis Crowley is reportedly exploring a new funding round at a $500 million valuation. The company’s last round of funding, in the summer of 2010, valued it at $100 million. (WSJ)…

Both Foursquare and Gowalla are making inroads in marketing entertainment properties via mobile platforms to users who check in at various sites recommended by the broadcast television networks or their talent. (Variety)…

Michael Arrington thinks the massive valuations for Web services like Groupon signify that we’re in the middle of another tech bubble that is waiting to pop. (TechCrunch)…