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)
“Many daily deal sites are not visitor friendly and are essentially putting up a barricade to people that might sign up if they were allowed to visit the site,” writes Kris Ashton. (Daily Deal Media)
Decidedly not a group buying site like Groupon or LivingSocial, new deals site Sciddy lets senior citizens across the United States find discounts on travel, restaurants, shopping, automotive, education, pet services and whatnot in their neighborhoods. (TechCrunch)
With advances in augmented reality, facial (and eventually retinal?) recognition, and location-based targeting, we soon may get ads tailored specifically to us as we walk down the street. (TECHi)