Facebook is weeks away from launching a location-based service designed to challenge Foursquare's geo-social dominance, using an API system to encourage third-party developers to build location services for Facebook, sources say. Ben Parr argues the move is less a declaration of war than a signal of Facebook's intention to wrap Foursquare and other location services into its own social services. "It's a 'be assimilated or be destroyed' scenario for these check-in startups," he writes.

Full Story:
CNET, Mashable

Related Summaries