Foursquare's reported acquisition and reported $0 outcome for equity holders

In an October 20 reflection, Foursquare co-founder Dennis Crowley wrote that the company had been acquired about a month earlier and that the deal was a $0 outcome for preferred and common equity holders. He criticized its final leadership for failing to preserve or create value, while accepting partial responsibility for decisions made during his tenure. He also honored the people who built Foursquare.