With Foursquare growing very quickly, it seems that some social networking sites such as Facebook are looking to get involved with local businesses offering deals and special offers to users. This is where the Facebook Deals feature comes in, it works with Facebook Places and considering the amount of users that Facebook already have, it has the potential to be very big.
This is the Facebook deals programme works, according to the folks over at the Facebook Blog;
These deals come from merchants, not Facebook, so check with your local stores for additional details, such as when they’re running, how many of the offers are available, and whether a deal is just for you or also for your friends. You will see a few different types of Deals: individual deals for a discount, free merchandise or other reward; friend deals where you and your friends claim an offer together; loyalty deals for being a frequent visitor to a place; and charity deals where businesses pledge to donate to a cause when you check in.
Source [Internet Retailer]
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