Boom! 5 Million Users Check-In To Foursquare

It appears that Foursquare has just passed 5 million users if new user account numbers are correct.

It’s taken just a month and a half for the location-based social network to accumulate one million more members. It took the same amount of time for Foursquare to reach four million members and for the network to hit 3 million users.

Some thought Foursquare would be doomed following the debut of Facebook’s location-based feature, Places but the services could be complimentary as the Places API, serves as a platform for services like Foursquare and Gowalla. And Foursquare founder Dennis Crowley reported that the network had its biggest day of signups following Facebook’s announcement.

Foursquare is undoubtedly growing at a fast pace. Crowley told the LA Times in August that the startup is growing at about 180,000 users every 10 days. And it took only two months for Foursquare to add 100 million check-ins to its service to reach a total of 200 million check-ins. It took them about 16 months to reach 100 million check-ins. Other signs of growth—Foursquare is hiring and just opened a West Coast office.

Of course, it’s unclear how many users out of the 5 million members are active, which would be a true indication of how fast the network is growing.

UPDATE: Foursquare says that it has not hit 5 million users yet (user ID numbers don’t quite match up to the network’s actual number of user accounts). Foursquare expects to hit 5 million user sometime next week.

Crunchbase

• FOURSQUARE

Company: foursquare

Website: foursquare.com

Launch Date: April 16, 2013

Funding: $112M

Foursquare is a geographical location based social network that incorporates gaming elements. Users share their location with friends by “checking in” via a smartphone app or by text message. Points are awarded for checking in at various venues. Users can connect their Foursquare accounts to their Twitter and Facebook accounts, which can update when a check in is registered. By checking in a certain number of times, or in different locations, users can collect virtual badges. In addition, users...

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