The launch of Facebook places has resulted in Foursquare having record signups. Facebook with a massive user base of 500 million have entered the location based services with the launch of “Facebook Places”.
Foursquare is reaching 3 million users at a growing rate but when compared to Facebooks 500 million it is a vast differentiation. We have to wait and see if Foursquare will be able to withstand the immense competition which Facebook Places would pose. Check the Infographic comparing Location based social networks, we can expect to see a major change in the numbers within a month of Facebooks launch of “Facebook Places”.