Does today’s launch of Facebook Deals in five test US cities - Atlanta, Austin, Dallas, San Diego, and San Francisco - signal the death knell for group purchasing sites like Groupon and Living Social? It's hard to say why Facebook have waited so long to launch this product but perhaps it’s due to the small iterations and improvements that this particular product has over its competitors. What Facebook do well is social and it is this element that sets it apart from the other products on the market.
An article yesterday from the BBC reported that research scientists have used lasers to speed up the internet to reach terabit speeds. Effectively this means that in the not too distant future we will be able (in theory) to download the entire Library of Congress in ten seconds.
Yesterday’s announcement by Warner Brothers to start renting movies through its Facebook page represents another significant step to establish Facebook Credits as an important online currency. Couple this with last month’s announcement by the US version of The X Factor to allow voting by Facebook Credits and it’s easy to see why this could become a dominant currency in the future.