Facebook Places Partners with Foursquare, Gowalla & Yelp

Wow, I am watching the Facebook Places announcement right now and did not expect them to announce partnerships with Foursquare, Gowalla & Yelp. Personally, I think that was “nice” of Facebook to include them since they are basically copying their ideas. But from a business perspective, I’m not sure I see the point of partnering with these companies since they basically do not offer anything that unique that Facebook couldn’t offer themselves and immediately crush these companies with their 500 million strong userbase. So it will be interesting to see how long these companies remain as “partners” before Facebook just overwhelms them unless they can come up with more innovative features that catch on before Facebook ends up stealing those as well…

Facebook Places Announcement Tonight – Location Service a FourSquare Killer?

Tonight, Facebook is supposed to be announcing Facebook Places, a new location based service expected to rival FourSquare and GoWalla. I personally think that if Facebook does come out with a location service, that all of their rivals will eventually cease to exist. While FourSquare and GoWalla have been growing, they still have not reached the critical mass that Facebook has to be considered anything more than a fad. And since nearly everyone has a Facebook account, there really won’t be a point to sign up for other location based services. Anyways, you can watch the Facebook Places announcement live tonight at 8:15pm EST below: