Street Fight Daily: 08.29.11

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

Facebook is getting out of the daily deals business after four months of testing, a move that may ease some competitive pressure on industry leaders Groupon and LivingSocial. (Reuters)

The global location-based advertising market will reach $12.8 billion by 2017, according to a new report by Global Industry Analysts. (Press Release)

After having a detailed memo about its business leaked to the press, Groupon might have run afoul of SEC “quiet period” rules, which prevent companies from saying much in the months leading up to their IPO. (Business Insider)

Some real estate agents are using customized software to get hyperlocal information about home prices and sales — allowing them to give more accurate predictions of how a home should be valued. (New York Times)

Lifesta, which is one of the many marketplaces that people use to buy and sell unused deals, examined reselling habits in major cities to identify the most resold (or possibly regretted) daily deals. Here are a few of them. (AllThingsD)

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