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Tuesday, April 26, 2011 , Updated 9:58 a.m., August 29, 2011
UPDATED: Facebook cancels Deals feature
Facebook joined the couponing party rather late.
DALLAS — UPDATE: Facebook has canceled its Deals feature. "After testing Deals for four months, we've decided to end our Deals product in the coming weeks," the company said in a statement. Reuters explains that Groupon and LivingSocial are poised to reap the benefits.
After several months of hints about Facebook Deals, the social media giant announced Tuesday that their couponing feature has been launched in five cities, Dallas included. The other cities represented are Atlanta, Austin, San Diego, and San Francisco.
Facebook Deals, like many other deal sites, allows web browsers to pay for deals online and then print a voucher to use at the place of business. When browsers “like” a deal, it will appear on their Facebook news feed for their friends to see.
According to several sources, Deals was implemented largely to rival Groupon, the deal-a-day site that refused a sale price of $6 billion to Google in late 2010. Groupon is estimated to be valued somewhere between $15 billion and $25 billion now, according to Reuters and Bloomberg.
Facebook Deals is one of many consumer discount sites, with Groupon and LivingSocial considered to be the biggest. Seize the Deal, of which Pegasus News is the DFW affiliate, is another deal-a-day coupon site that has launched in nearly 40 cities in the U.S.
A novel idea with Facebook Deals is “credits,” which are virtual currency. According to a New York Times story, “Facebook has made no secret of its plans to turn Credits into a major force in online payments.”
Deals are available in the Facebook navigation column for users who reside in the five pilot cities. Dallas users, do you like the Deals so far?
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alexander troup, verified:
How we love the future and all that masses and come together...
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earlgeorgefl, anonymous:
Same stuff, just another clone. Why not use www.freefu.com instead? Consumers, find free offers and businesses advertise those free offers for free. As a consumer you do not need to wait for 100 people to buy to get the deal, as a business you do not need to split your revenue with the deal site.
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katy3170, anonymous:
Dallas How much the cost for live to rent the apartment? Handsome and beauty average? Have crazy party at night? Update city? Easy to take traffic in city? Level of class? for poor study vacation, in middle class not in expensive, in high class for shopping famous brand? How long can stay have fun without bore? How much the cost for stay half year? Any school for fun and learn?
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Trang Pham, anonymous:
It's pretty neat that they are taking these "deals" from many different venues, including zozi, which I am a fan of since those guys gave away the first deal for free when they launched last year. However, the layout could be better, but since it is in Facebook, that's a bit unlikely. Also, deals don't really seem like too much of a steal. No offense, but Seize the Deal has gone down the drain recently, too, while Groupon and LivingSocial offer a more eclectic selection of deals.
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Sarah Blaskovich, staff:
Dallas-based AT&T just announced that it, too, will join the deal-a-day frenzy, according to Bloomberg. The site will go live in a month in Los Angeles, Atlanta, and DFW to start.
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jtmbls, anonymous:
Oh really? What's AT&T going to offer as a deal, a day of cell service where your mobile phone actually works? That would be super!
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Sarah Blaskovich, staff:
They're going to offer you 5 minutes of good customer service. Which might be useful, except for the fact that you're on hold for 45 minutes and your "good" 5 minutes are up.
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What do you think?