Street Fight Daily: 07.19.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
American Express is showing it’s got designs on being a big player in the deals space. The company is unveiling a partnership with Facebook and the introduction of a new social platform called “Link, Like, Love,” that will bring American Express deals to Facebook users through their social graph. (GigaOm)
Geolocation platform Geoloqi, which uses persistent location tracking to trigger notifications tied to real-world places, has received a $350,000 investment from multiple backers. The company is building a means of integration with location based social networks like Foursquare that goes beyond what they offer today. (ReadWriteWeb)
“I don’t think Groupon is a bubble, I don’t think it’s hype,” said Lorne Bendele, CEO of Savings.com. “But other types of deal concepts are still important to major and national merchants and we’re a great source of distributing those.” (PaidContent)
“We’ve finally found someone who does not work at Patch – who in fact spends money on Patch ads – who says he is bullish on AOL’s plan,” writes Nicholas Carlson. “Meet Foster Winans, author, former Wall Street Journal columnist, Patch advertiser, and believer from Doylestown, Pennsylvania.” (Business Insider)
The fast-growing deal-a-day business is on track to hit anywhere from $3 billion to $6 billion by 2015, but those numbers could balloon higher in the next few months given the speed at which the business is operating. (NetNewsCheck)