Surging on an iPhone commercial, Loopt looking to sell or raise money?
It looks as if Loopt may be looking for an out — or more likely, an insane new round of funding. The location-based social network for mobile devices has supposedly hired the investment band Allen & Co. to find a potential sale or investment partner, TechCrunch is reporting.
But what’s crazy is the apparent valuation Allen & Co. is putting Loopt at: Over $500 million. Now, I like Loopt as much as the next guy, and… Continue Reading