Loopt was a lemon, dropping to just 500 daily active users prior to sale

Well, it's been a long week and this seems an appropriately crazy way to end it. It's off by several orders of magnitude. VentureBeat never called for the story but I'd be happy to speak about it if they'd like to.

Perhaps it WAS a lemon, but it was still a $40MM lemon at the end of the day.<p>No matter how you analyze it, several startups have suffered a far worse fate.<p>Not sure why all the haters come out every time a sale, acquisition or shutdown is announced.