A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
Co-Founder Naveen Selvadurai ‘Tried To Fight’ Departure From Foursquare (Business Insider)
A source who spoke with Selvadurai during his final discussions with Foursquare says Selvadurai feels pushed out – pushed out by his cofounder Dennis Crowley and the Foursquare board of directors. Selvadurai told the source he was financially “screwed” when he was forced out too.
South by Serendipity (GigaOm)
Ryan Lawler: Highlight is not about meeting people, CEO Paul Davison says. It’s about being able to walk into a room and know the people you share friends or interests with. What you do with that knowledge is up to you, but it’s not meant to be the starting point to some sort of pickup line.
INTRO Wants To Be The LinkedIn Of The Ambient Location Apps (TechCrunch)
Unlike the majority of this year’s crop of location-based networking apps, INTRO’s angle is business introductions. Built on top of LinkedIn, the app lets you specify who you’re looking to meet by both industry and profession, then enables you to make that connection.
Square’s Spectacular Growth (Business Insider)
Twitter cofounder Jack Dorsey’s other company, payment startup Square is doing quite well. This chart from Dan Frommer at SplatF shows what he calls its “sexy growth.” The company is now processing about $11 million worth of transactions daily basis, up from just $1 million a day last year.
7 Hot Apps to Watch at SXSW 2012 (Mashable)
Foursquare, Twitter and GroupMe all blew up at South by Southwest (SXSW), and every year, hordes of startups flock to the conference in hopes of adding their own names to that list. Here are seven startups (and their marketing ploys, for better or worse) that we think have a chance of breaking out this year.