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GPS obsessed

Sunday
10 April 2016





Loopt to file for IPO “soon” says chief executive

Popular location-based social network Loopt will be profitable in 2009 and possibly go public in the near future.  That’s out of the mouth of Loopt chief executive Sam Altman in an interview with Bloomberg’s Matt Miller.

Altman says that Loopt is growing about 20 percent per month.  Likely this is due to some great PR from an Apple iPhone television advertisement a few months back and a TaxiTV ad campaign in New York City.  The chief executive says that Loopt, currently venture-backed, will be profitable in 2009 if the current growth rate continues and should the local ad markets hold up an IPO will be “soon”.

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