Foursquare to Begin Charging Fees

Monetizaion: on

Foursquare Labs Inc. said it would begin charging some businesses for access to its database of restaurants, shops and other local venues, as it tries to make money from information it has gathered from user “check-ins” in the five years since its founding.The New York startup is negotiating with the heaviest users of its data to pay fees or offer services in return, Chief Operating Officer Jeffrey Glueck said. Deals will be reached on an ad-hoc basis with each developer and will affect under 1% of the 63,000…

via Foursquare to Begin Charging Fees – WSJ.

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