Street Fight Daily: 06.08.11

A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.

Foursquare has teamed with 7-11 to offer a trip to suborbital space as a prize in an online contest. While the US spaceflight program is getting its budget shut down, there’s something rather poetic about this opportunity. (ReadWriteWeb)

A study of U.K. salon owners found that only 1% of Groupon buyers go on to become regular customers. Moreover, Groupon’s churn rate could be as high as 90%. (Dylan Collins)

Folks from Microsoft have debuted a local Q&A service called LOCQL. Its take on local Q&A is fairly straightforward: users sign up through Facebook Connect and are then encouraged to share as much information about a given place that could be useful to other people, whether they are visitors or residents. (TechCrunch)

Jeff Bercovici reports on the discord brewing as AOL integrates with Huffington Post. Clayton Moran of the Benchmark Group says the company’s success will “really hinge on the success or failure of Patch.” (Forbes)

A study of U.K. salon owners found that only 1% of Groupon buyers go on to become regular customers. Moreover, Groupon’s churn rate could be as high as 90%. (Dylan Collins)

Canada’s Yellow Pages Group has inked a deal with Foursquare in a move to participate in the latter’s “venue harmonization project”, an effort to improve the accuracy of business locations in the Foursquare database. (TechCrunch)

As our desire to check in and share location-related media grows, we’re going to see the ability to overlay those actions on real space through these tools and new ones coming. (Mashable)

BidMyWay.com allows people to name their best price for local goods and services, similar to Priceline.com. (Daily Deal Media)

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