Rumor: Foursquare Due to Get Venture Cash Injection

Foursquare is reportedly on the verge of landing a large venture capital investment which will let it dramatically expand its enterprise, according to people in the know. We know it's hot technology ... but what's Foursquare's direction going to be?

The news has surfaced over at the Wall Street Journal in a piece which fingers Silicon Valley venture firm Andreessen Horowitz as the likely leaders of this latest funding round. The newspaper suggests an announcement is due as soon as this week...