Loopt's Location-based Ads Hit the iPhone, 'Minority Report' Here We Come

Loopt, the location-based sharing service, has taken the logical next step for its system: Loopt on the iPhone now includes location-based advertising. We've been expecting this, but is it a sign the floodgates of location-ads are open?

Loopt is in roughly the same game as Yelp, Foursquare, and a number of other players in location-based social networking. It's also a little like Google Latitude, in that users can see in more-or-less real time where their friends are located (and what...