It is a big push in Groupon's push for customer acquisition, which the company spends a lot of money on, according to its S-1 it filed with the Securities and Exchange Commission to go public. Foursquare has upwards of 10 million registered users and has been aggressively pursuing daily deals a monetization efforts over the past month. The two companies will split revenue from deals acquired through the partnership.
According to Mashable, the Foursquare/Groupon partnership is now available in Chicago and should be coming to all users in the United States and Canada by Sunday. For Foursquare, that will also include the five other daily deals partnerships that that company has made in July, including LivingSocial, Gilt City, zozi, ButWithMe and AT&T Interactive.
Integration with Foursquare and other platforms could be a great deal for not just Groupon but the entire daily deals industry. Think of it like this: with six different options for deals packed into Foursquare's "Explore" tab, it seems like there should always be multiple deals within a users' general vicinity (at least in urban areas).
Groupon Now and Location ServicesFor Groupon, this is all in addition to its own location offering, Groupon Now, which is also live in Chicago and expected to come to all users in the near future. Groupon Now is a discovery engine for deals in an area that will ping users that are in the vicinity. The example that Groupon uses when describing the offering is of merchants having a slow period of the day (the afternoon, for instance) and offering a deal for a cheap lunch for a couple hours and pinging nearby, possibly hungry, customers. Groupon changed the privacy settings of its mobile app recently to start tracking users' location with the idea of being able to better serve its users by knowing their general location and buying habits.
Our Partners: In addition to the data sharing described above, we enter into relationships with a variety of businesses and work closely with them. In certain situations, these businesses sell items or provide promotions to you through foursquare's Service. In other situations, foursquare provides services, or sells products jointly with these businesses. You can easily recognize when one of these businesses is associated with your transaction, and we will share your Personal Information that is related to such transactions with that business, unless you have elected not to be solicited by marketing partners during the registration process or through the account settings page.Will you use daily deals through Foursquare? Are you concerned that Foursquare may be sharing your location data with its six new deals partners?