Surprised that Foursquare and Gowalla actually took part in this.
The underlying data they have on location and check-ins is basically being given to Facebook. That means that the only real value left in those apps is what they have to offer on top of that, which is not super defensible, whereas Facebook gets to be the underlying platform where there is real value.
The underlying data they have on location and check-ins is basically being given to Facebook. That means that the only real value left in those apps is what they have to offer on top of that, which is not super defensible, whereas Facebook gets to be the underlying platform where there is real value.