More on eBay: Reuters reports eBay has quietly launched a local daily deals service in a handful...

|By:, SA News Editor

More on eBay: Reuters reports eBay has quietly launched a local daily deals service in a handful of urban areas, in partnership with local online ad firm Signpost. The news has prompted a selloff in Groupon (GRPN -3.6%), which was initially higher following the launch of a restaurant point-of-sale solution that competes with the increasingly popular Square Register. Though Groupon has its share of problems, competition from Internet giants hasn't yet taken a huge toll on its sales.