Loopt was a lemon, dropping to just 500 daily active users prior to sale (updated) | Reuters

Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. Our Standards: The Thomson Reuters Trust Principles. , opens new tab Bob's Discount Furniture, backed by private equity firm Bain Capital, said on ​Monday it was targeting a valuation of up to $2.48 billion in ‌its U.S. initial public offering, setting the stage to test investor appetite for consumer-focused companies. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwid

Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. Our Standards: The Thomson Reuters Trust Principles. , opens new tab Bob's Discount Furniture, backed by private equity firm Bain Capital, said on ​Monday it was targeting a valuation of up to $2.48 billion in ‌its U.S. initial public offering, setting the stage to test investor appetite for consumer-focused companies. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reut