Foursquare Surpasses 5 Million Users

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It's official: Foursquare has 5 million users, increasing its user base by a factor of 10 in just nine months.The revelation was made by Foursquare co-founder and CEO Dennis Crowley on the stage of the LeWeb Conference in Paris. He noted that the geosocial service surpassed the 5 million mark late last week.Compare that milestone to March of this year. At SXSW 2010, the company announced it had more than half a million users. In April, it surpassed 1 million and has been on fire ever since. Now the company has 5 million users, more than 10 times it had in March.Early last week it was reported that Foursquare had surpassed the 5 million user mark. Those reports were based on Foursquare having more than 5 million user IDs, not actual users though. Here's what Foursquare told us about the matter:

"Though there are over 5 million user IDs in the foursquare community, our user IDs don't necessarily match up to our actual number of user accounts. That said, we do expect to hit 5 million next week."

Crowley was also grilled by LeWeb and Seesmic founder Loic Le Meur on rumored acquisition offers from Facebook and Yahoo earlier this year. He essentially confirmed that Facebook made an acquisition offer for the company and hinted that another party (most likely Yahoo) made a $140 million bid for Foursquare as well.Reviews: Facebook, Seesmic, foursquare

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