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In page List of Facebook features:

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Deals launched on April 25, 2011, in five cities—Atlanta, Austin, Dallas, San Diego, and San Francisco—with the hope of expanding. This new offering was a direct competitor to other social commerce sites such as LivingSocial and Groupon for online coupons and deals-of-the-day. Facebook users were able to use Facebook Credits to purchase vouchers that could be redeemed for real goods and services.[2][3]