Facebook proved itself to be one tough cookie and the site is thriving despite all the hype about the competition (read “Google+”). But that does not mean that everything is well with Facebook. The social networking site recently decided to pull a plug on its fledgling ‘Facebook Deals’ program. The venture lasted only 4 months. However, this apparently bad news is certainly a good one for also-struggling crowd-sourcing deal sites like Groupon and other clones.
As a pilot program, Facebook deals were initially launched in five cities, but according to the sources, the response had been underwhelming. Group buying has essentially been considered a ‘low-barrier’ entry segment. However, Fa