Loopt Sales Shows Future Of Location Is Commerce

I’ve been following Sam Altman and his location-based start-up Loopt for years. So it was a bit of a surprise to hear that the company was sold today for $43.4 million to pre-paid card provider Green Dot Corp . But in a phone chat with Altman, it’s become more clear why Loopt sold and how that all fits into the larger location-based services market.

This article originally appeared in GigaOm.