Facebook to Offer Groupon-Inspired Service with Discount Deals; Business Week
Facebook plans to test a Groupon-inspired service that provides discount offers, an effort to use its 500 million-plus members to capitalize on the surging online-deal market.
Aol Buys Huffington Post; The Wall Street Journal
Today AOL announced it’s buying Huffington Post, the online news and culture website, for $315 million, a deal which catapults AOL into a new stratosphere of genuine media company.
The Takeaway: With this deal, we finally understand what CEO Tim Armstrong what has meant when saying that this isn’t your father’s version of Aol anymore.