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Led by young entrepreneur Dennis Crowley, Foursquare has amassed over 2 million users and is growing at an astonishing rate.
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Naturally, businesses of all kinds are eager to learn whom their most loyal customers are and create incentives for them to return with their friends.
Foursquare is valued at $100 million, but that figure is sure to grow -- assuming the company doesn't get bought by a Web giant.
In the meantime, Twitter has become the go-to source for real-time information and news for millions around the world.
Foursquare: It doesn't get any hipper than Foursquare, the red-hot mobile networking start-up, which has become the belle of the Web ball in recent months.
The company's flagship Tesla Roadster boasts acceleration from 0 to 60 mph in less than 4 seconds, but its $100,000 price-tag has thus far primarily attracted Silicon Valley moguls like Google co-founder Sergey Brin.