Facebook kills off Deals

08/29/2011 | Reuters

Facebook surprised analysts on Friday by pulling the plug on its 4-month-old Deals social-commerce project. The move gives Groupon a little more breathing space, but could underscore concerns about the sustainability of the daily-deals site's business model. "The Groupon group-buying phenomenon is a commodity. There are no barriers to entry. It's just not going to work because everybody offers it and therefore the margins go down," argues Jeremiah Owyang of Altimeter Group.

View Full Article in:

Reuters

Published in Brief:

SmartBrief Job Listings for Media

Job Title Company Location
Director of Product Management
comScore, Inc
Reston, VA
Director of Account Management
Adelphic
New York, NY
Digital Ad Operations Trafficker
A+E Networks
New York, NY
Mobile App Acquisition Manager
Publishers Clearing House
New York City & Port Washington, NY
Senior Product Manager - Mobile
Publishers Clearing House
New York, NY