Will more funding and a new CEO be enough to save Foursquare?

The story of the Internet company that’s based around a great idea but still struggles to make money is one that’s almost as old as the Internet itself, and few companies have lived that story as much as Foursquare has. Its explosive popularity has died down immensely in recent years, and it’s only just now adopting a solid business plan, but a comeback is within the realm of possibility. The man who wants to bring about this comeback is Jeff Glueck, the former COO of Foursquare who’s responsible for implementing the business plan it’s using now. He’s replacing co-founder Dennis Crowley as CEO, and will be stepping into the position with $45 million in new funding, but will it be enough? Only time will tell.