Foursquare Expands Office Space, Fueling Rumors

Location-based social network Foursquare is growing so fast it is taking over the upstairs floor of its current address in NYC. TechCrunch wonders how Foursquare will pay for it, and notes that it’s likely they’ve either gotten or are about to get more funding, beyond the $1.35 million small round of funding raised last year.

Rumors that VC fund Andreessen Horowitz is about to put more money into the service abound. While Foursquare has deals with a number of big brands, and has some revenue, TechCrunch does not believe it is profitable yet.