Street Fight Daily: 07.21.11

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

Groupon Inc’s rapid growth has attracted rivals and regulators, a twin threat to the largest online daily deal company as it gets ready for an initial public offering. (Reuters)

A former LivingSocial sales guy says the industry is setting itself up for an “implosion and a major shakeout.” (Business Insider)

Hyperlocal news, daily deals and an increasingly competitive online news and sports scene mirror Buffalo’s emergence from its past as a rust-belt has-been. (NetNewsCheck)

American Express’s David Wolf, vice president of global marketing capabilities, talks about how far the company can go in the local daily deals space. (GigaOm)

The latest source BI has spoken to is a salesperson at Patch who is looking to quit as soon as possible. The salesperson told a story about a local merchant who ended up paying a $1,000 CPM for three month campaign. (Business Insider)

Facebook is taking a social approach to getting local business owners to claim their Place, which is the first step to getting them to buy ads and improve the content on these Pages. Now when Facebook users visit local business Places pages that haven’t been claimed, they’ll see a link that asks “Do you know the owner?” (Inside Facebook)

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