Which of the Following Statements About Foursquare Is Not True

Multiple Choice

Which of the following statements about Foursquare is not true?

A) Foursquare combines a social network business model with location-based technology.
B) Foursquare began operating without a revenue model.
C) Foursquare's business model faces significant intellectual property concerns.
D) Foursquare has been able to command a high valuation from venture capital investors despite unimpressive revenue and profits.