Foursquare introduces Promoted Updates

Foursquare launched the pilot for a new advertising program the location-based social network is rolling out called Promoted Updates.

The new advertisements follows Foursquare's introduction last week of another feature called Local Updates, which shows users updates from businesses they frequent. Promoted Updates will be similar but it will instead show users paid updates from business they are near.

Promoted Updates are a "great way to find out what’s happening at a local coffee shop, save money on your next clothing purchase, or just discover a store you’ve never been to before," the company said, according to MacWorld.

With 20 million users, Foursquare is trying to make money from its app, which it redesigned last month.

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