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Facebook Is Closing Daily-Deal Service After Four-Month Test

Facebook Inc. is shutting its Deals local-discount feature, opened in April to help the social network compete with daily-deal sites including Groupon Inc. and LivingSocial.

“After testing Deals for four months, we’ve decided to end our Deals product in the coming weeks,” said Annie Ta, a spokeswoman for Palo Alto, California-based Facebook. “We’ve learned a lot from our test and we’ll continue to evaluate how to best serve local businesses.”