Street Fight Daily: 05.31.11

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A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.Groupon is either creating a new approach to commerce that will change the way we eat and shop and interact with the physical world, or it is a sure sign that Internet mania is once again skidding out of control. Or both. (New York Times)… Amazon is entering the daily deal space with myhabit.com, a members only daily deal site focusing on designer clothing. (Daily Deal Media)…