Amazon Kills Its Daily Deal and Square Competitor Businesses | Re/code

Think globally, retract locally; tangentially, see Facebook Tests “Local Market,” A Dedicated Buying And Selling Community Powered By Facebook Groups (TechCrunch)

"Amazon has been taking a more conservative tone on earnings calls in recent quarters, saying it was looking more closely at ways it could be more efficient and rein in costs. Today, it cut two businesses in a move that will help with that cause.

In separate announcements, the company said it was closing down Amazon Local, its four-year-old daily deals service, as well as Amazon Local Register, a payments processing business targeting the type of small businesses that would be customers of Square."

Amazon Kills Its Daily Deal and Square Competitor Businesses | Re/code