Brightkite, a mobile location-sharing service, merges with Limbo » VentureBeat

Brightkite, a social network that lets users share their location on mobile phones, has merged with Limbo, a Silicon Valley company with a rather unique auctions service for mobile phones users.

It may mark the end of an era. After investors poured money into a host of mobile social networking companies last year, the companies are now trying to figure out how to boost their profile enough to be heard above the noise. And investors may be getting inpatient. In this case, Brightkite picks up about $9 million in capital that had been pumped into Limbo by its investors three months ago.

via Brightkite, a mobile location-sharing service, merges with Limbo » VentureBeat.

Advertisements