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Facebook Ends Daily Deals

LOIC VENANCE/AFP/Getty Images(PALO ALTO, Calif.) -- Facebook is getting out of the daily discounts business after a four month trial.

The Palo Alto, California-based social networking giants says there is a lot of potential for driving people to local businesses, and it will continue to explore these opportunities.

That's not surprising, because a new study says half of all American adults are now on social networking sites. A third of baby boomers check in daily. The power users are young women, with more than twice as many logging in each day.

Copyright 2011 ABC News Radio

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