Street Fight Daily: 08.26.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
Local business reviews site Angie’s List filed for an IPO yesterday. The company will raises as much as $75 million. Angie’s List offers consumers a way to review and rate doctors, contractors and service companies on the Web. (TechCrunch)
Yipit’s data report revealed substantial shifts in the daily deal space occurring over the past month: Daily Deal industry revenue declined 7% in July in North America’s largest markets. Groupon’s revenue declined 4% while LivingSocial’s revenue declined 18%. (Yipit Blog)
Facing a barrage of negative press about its upcoming IPO, Groupon CEO and co-founder Andrew Mason took up a pen to counter critics of the social buying service. Mason addressed the company’s finances and growth in detail in a pugnacious email memo to his thousands of employees. (AllThingsD)
Gowalla is making a number of big changes to its app. First, it’s removing Items, a feature that many clung onto and cite as a reason for not joining Foursquare. Gowalla will also be removing Notes, although they are likely to return at some point in the future. (The Next Web)
Marshall Kirkpatrick thinks Quora’s vision for location probably extends far beyond just being useful as a travel guide. “This is about a big bold move to make Quora, the potentially lovable but potentially pedantic, nichey and forgettable Question and Answer network into something that will stick with users.” (ReadWriteWeb)
Amazon announced that in addition to local deals, its new deals service will also offer special discounts from Amazon-affiliated ecommerce sites. The offers will drive traffic to its lesser-known brands, and also provide some incentive for people overwhelmed by offers from a dozen Groupon wannabees to subscribe to yet another daily deals site. (AllThingsD)