Facebook to Offer Groupon-Inspired Discount-Deal Service

In an effort to capitalize on its 500 million users, Facebook will begin selling coupons to meet the surge of demands in the online-deals market. Facebook will work with local businesses to generate deals and encourage users to share deals with friends. This new feature will begin in San Francisco, San Diego, Atlanta, and Austin, before spreading across the world server.  This could create heavy competition for Groupon and LivingSocial, who already supply discounted deals, but have a fraction of Facebook's users.


Read Article Here