The shine appears to be fading on the daily deals marketing model.
On the heels of Facebook's announcement last week that it would abandon its Facebook Deals, which offered discounted coupons for local businesses, Yelp announced today it is trimming the number of employees working on its Deals product. Jeremy Stoppelman, Yelp's chief executive officer and co-founder, wrote in a blog post that while daily deals have been a hit for certain types of businesses, the model is struggling to deal
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