Foursquare Co-Founder Says Equity Holders Got No Returns From Infillion Acquisition

Foursquare co-founder and former CEO Dennis Crowley said preferred and common stockholders saw no returns from Infillion's acquisition of the location-data platform last month. Foursquare had raised over $411 million and posted consecutive years of $100 million-plus revenue before shutting down its app in 2024. Crowley blamed the outcome on management after a 2021 CEO transition.