eBay Tests Daily Deal Service

Making the future a little less certain for Groupon, eBay is reportedly testing an online marketplace for deals on local services. Dubbed eBay Lifestyle Deals, the offers are being run in a limited number of urban areas, including the San Francisco Bay area, Los Angeles and Washington D.C., Reuters reports. The news is not all bad for Groupon, however. "This is more competition for Groupon, but also more validation for Groupon's business," Arvind Bhatia, an analyst at Sterne, Agree & Leach, tells Reuters.

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