Huffington Post Media Group | Street Fight

Street Fight Daily: 10.03.11

David Hirschman

Street Fight Daily: 10.03.11

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

Loopt has been allowed its first patent, and it could be a big one. In layman’s terms, the patent describes using your location to display relevant ads and offers on top of a map, as an interstitial, or as a text ad — another claim also discusses displaying where your friends are on the same map. (TechCrunch)…

A basic contradiction at the heart of the daily deals industry on the Internet has become apparent. Consumers have been told: You will never pay full price again. The merchants were hearing: You are going to get new customers who will stick around and pay full price. Disappointment was inevitable. (New York Times)…