Facebook has decided to Facebook, its four-month-old Groupon rival shut down.
"Deals with the four months after the end of our testing, we've processed product in the coming weeks," Facebook said in a statement to Reuters.
The product that started late in April, an attempt was made to import the popular daily deals with the phenomenon of Facebook is the 750 + million users. San Francisco, Austin, Dallas, Atlanta and San Diego, but it rolled out a quickly to other cities.
Daily deals on the market must become more competitive over the past few months, and many are questioning the entire business model on the basis of the origin is questionable sales data.
"We believe there is a lot of power in the social approach to driving people to local firms," Facebook said in a statement. "We have learned a lot in our tests, and we continue to assess, to serve the best local businesses (the"). " We have reached on Facebook for more information.
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