Facebook is launching deals, similar to groupon, livingsocial & other group buying services. With group buying becoming a great way for marketrs to reach the audience & sell the product/services, Facebook deals is expected to change the group buying market. Facebook is also partnering with other group buying sites to include the offers. Facebook credits can be used to buy the deals. Face book has been aggresively diversifying into many areas as it has the advantage of 600 million members. It will be initially launched in 5 cities in the US. This is the first time social has been combined with group buying.