Facebook Launches Deals Program, Rivals Groupon

Summary


What happens when you cross the world's largest social network with one of the hottest business models in e-commerce? Facebook wants to find out.

Facebook launched a deals program Tuesday in five cities, following on the popularity of Groupon and other services that offer deep discounts -- for example: $50 worth of food at a local eatery for $25.

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Facebook Launches Deals Program, Rivals Groupon

By allowing small businesses to leverage...

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