Foursquare was on track to revolutionize the restaurant industry until Facebook rolled out its new Deals service. It operates much like Foursquare, only with a 500-million-user head start, and has already delivered a pair of buy-one-get-one offers from Chipotle Mexican Grill. Foursquare has in turn declared war on Facebook, but will either service really help you make more money? The premise of location-based services that leverage social media is simple. Customers get big discounts, ...

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