Street Fight Daily: 11.16.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
Foursquare’s Website Just Got a Lot More Useful (ReadWriteWeb)
Foursquare launched a redesigned website yesterday that breathes new life into the service’s desktop presence. Whereas the popular location-based social network has always existed predominantly on people’s phones, the update makes Foursquare.com a vastly more useful destination than it used to be.
Despite Groupon’s Big IPO Pop, Most Flippers Lost Money (Business Insider)
Groupon ended its IPO day up, but almost two-thirds (62.5%) of the people who bought and sold the company’s stock that day lost money. The average return was -3.3%.
Google Maps Turns the Screws on Yelp with My Places (ReadWriteWeb)
Google took further steps against Yelp yesterday, adding features to the My Places tab on Google Maps. Businesses you’ve rated with Google Places are now highlighted on your maps, displaying your rating and showing other personalized recommendations based on places you’ve already shared.
Matchbin Becomes Radiate Media; Focuses on Ad Network & Services (Local Onliner)
Matchbin has spent $10 million to acquire 800 radio and TV accounts from Navteq’s Radio and TV Group (formerly Traffic.com). It has also raised $12 million for working assets from Silicon Valley Bank, and is rebranding the combined entity as Radiate Media.
Daily Deal Aggregator Yipit Comes to iPhone (TechCrunch)
Yipit’s app allows users to track deals from over 800 sources, including Groupon, LivingSocial, Gilt City and others. In this new mobile format, the service becomes a lot more useful, allowing users to personalize offers.
RapidBuyr Acquires BizDeals (Daily Deal Media)
RapidBuyr, a daily deals site that caters exclusively to small and mid-sized businesses, offers steep discounts on B2B products and services. Yesterday the company announced the acquisition of Bizdeals.com, which is an L.A.-based B2B weekly deals site.