[schoudha]

Loopt needs to look to be acquired or abandon the idea of a mobile only social network and focus on leveraging services like Facebook connect. Although there level of funding might make it difficult, I also think they're a great target for Facebook.

In any case, this will be a large space and there is room for multiple players.

[volida]

"large space and there is room for multiple players"

apart from that being true, I believe Google's approach to location leaves open other opportunities.