What many are missing is that they transitioned from a consumer company to an infrastructure company. Their location database (and API) was just announced by Twitter as the backing for all location handling in tweets. That's a big freaking deal, especially given they already do that for Facebook.

If you read the FS CEO's comments about the Twitter thing, you'll notice he mentions they have basically focused on what their main value prop is: solving the difficult problem of accurate and quality locations.

The consumer apps are just something they "still do" but I certainly don't think they consider it their primary business model anymore.