Facebook Deals Group Buying Service to Launch Tonight
Facebook will be launching their new group buying program tonight. Facebook Deals will be launching in 5 US cities tonight and then will be launching in Europe in about three months time. There have already been a lot of comparison between Facebook Deals, Groupon and LivingSocial, but its expected that unlike the other services Facebook Deals wont charge retailers a percentage of the revenues.
Groupon and LivingSocial are controlling this market simply because of their technology and user base. Now, Facebook with the worlds largest user base is going to enter this very competitive and lucrative markets. Groupon and LivingSocial better look out!
p.s. Google has just launched their own group buying service. This space is getting overcrowded now.
(via RWW)
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