Showing posts with label Social Networking. Show all posts
Showing posts with label Social Networking. Show all posts
Tuesday, November 6, 2012
Foursquare is edging even deeper into Yelp territory. Today the check-in social network announced that it is launching a 10-point rating system for local businesses with its iOS app update.
Sound familiar? That's because it's basically Yelp's business model. However, Foursquare said that what it's introducing is "a lot different from the other types of ratings you see today."
"Instead of other sites where every place gets 3.5 stars, we come up with our scores using the same Foursquare magic that powers Explore," the company wrote in a blog post today. "We look at signals like tips, likes, dislikes, popularity, loyalty, local expertise, and nearly 3 billion check-ins from over 25 million people worldwide."
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