Foursquare has passed 700,000 check-ins per day, Facebook doesn’t know what to do with location

Foursquare’s Dennis Crowley just confirmed at TechCrunch Disrupt that as of last Friday, the check-in service has passed 700,000 check-ins per day. He says that he “doesn’t think the passive tracking option is for everyone”, and that he thinks that the hybrid, always on location that prompts users to do an action.

Facebook’s Chris Cox said about Facebook’s location product will come out “when they have a product”. “We don’t know yet [what we want to on location]”.

Both Crowley and Cox seemed to say that Foursquare and Facebook will work to no compete, but neither frankly, sounded all that convinced of that. Of course, if Facebook/Cox don’t actually know what they are going to with location, then this is kind of a moot point. Our impression was kind of that Facebook is probably right now too concerned with its current privacy issues to try at this time to interject a potentially drastic change in its services – and a possible privacy bomb – by introducing a location service.