Done deal: Facebook kills off Groupon competitor

Aug 27, 2011

(AP) -- Facebook is ending its Deals program, which offered the site's 750 million users discounts similar to those offered by daily deals site Groupon.

Facebook said in a statement Friday it decided to end Deals after four months of testing. The service will wind down in coming weeks. It was available only in Atlanta, Austin, Dallas, San Diego and San Francisco.

Facebook says it remains committed to serving through ads, pages and other products. And it will continue to offer "check-in deals." These lets businesses like restaurants and stores offer deals to customers who "check in" through to let their friends know where they are.

Explore further: Czechs roll out new Bitcoin-style virtual currency

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