A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
PayPal Targets Small Businesses With All-in-One Tool PayPal Payments (GigaOm)
PayPal is organizing its payments products for small business into one larger service called PayPal Payments that is meant to provide an array of tools for online, in-person and mobile payments. The move builds off the recent release of PayPal Here, a rival service to Square targeting small businesses, and combines all the work PayPal has traditionally done online and on mobile.
Groupon’s Coupon Expiration Settlement Upends The Daily Deal Economics (Forbes)
While the settlement is chump change for Groupon, what’s more interesting (or worrying) is the fact that Groupon has agreed to not sell more than 10% of its daily deals with expiration periods of less than 30 days over the next three years, as part of the settlement. This will no doubt impact the economics of its business as Groupon makes a significant portion of its revenue from deals with short expiration periods.
Groupon’s Shares Continue Falling to Close at All-Time Low (AllThingsD)
Less than five months after going public, Groupon’s stock is trading more than half off. The daily deals company’s shares slid another 3.2 percent, or 48 cents today, to close at $14.54 a share. That’s less than half the $31.14 that some investors paid at the stock’s high point, just after it went public in early November.
Location-Based Applications Popular, Despite Privacy Concerns: ISACA (eWeek)
Fifty-eight percent of consumers who have a smart device use location-based applications, despite concerns about safety and third-party use of their personal information for marketing purposes, according to a survey from nonprofit global information security association ISACA.
Google Begins Testing Its Augmented-Reality Glasses (New York Times)
The glasses currently being tested by Google employees can stream information to the lenses and allow the wearer to send and receive messages through voice commands. There is also a built-in camera to record video and take pictures.