Foursquare aims to expand some of its services
Location-based services are becoming more popular for businesses and consumers. These services offer benefits for both parties: Businesses can use geographic information to formulate better marketing strategies and consumers can be rewarded for their loyalty to a specific company by “checking-in” to a location. Checking-in to locations is a trend that has taken the social media space by storm. Foursquare is one of the pioneers of this service in the social sector, and the platform is now taking steps to streamline its location-based services.
Platform aims to streamline its practice
Foursquare has announced changes to its terms and conditions documents, which will take effect on January 28, 2013. The social media platform is looking to better streamline its services for businesses and consumers. For years, Foursquare has been one of the most prominent names in social media marketing and location-based services, but other social networks have begun to encroach upon the platform’s virtual turf. In an effort to stay relevant with consumers and businesses, Foursquare is taking steps to provide better service.
New policies could be of benefit to businesses
Foursquare manages to stay ahead of the competition, for now
The changes may help businesses provide better rewards for consumers that check-in frequently, while also allowing these businesses to access information that can be used for marketing campaigns. In 2012, Foursquare reported more than 15 million new users and celebrated the 3 billionth check-in. While several other social networks are pushing new location-based services, Foursquare continues to hold a solid lead over its competitors.