Facebook muscles in on Yelp and Foursquare with Nearby upgrades

Facebook is leaping into the local discovery and search market with an upgrade to its mobile Nearby feature, which will allow users to find relevant places based on social signals and other data. Nearby will pit Facebook against Yelp, Foursquare and Google.

Foursquare goes into monetization mode with promoted updates

Location-based social network Foursquare is rolling out its long awaited promoted updates, an advertising product that allows local and national businesses to push out specials, news and pictures to Foursquare’s more than 20 million users. It’s the start of Foursquare’s big monetization push.

Loku thinks Web first in crafting mobile strategy

Loku, a local discovery service, is launching its first mobile app and it starting first with an HTML5 mobile Web app with native apps to follow. The company believes that HTML5 has matured enough that it can power all its mobile apps.

Bizzy bows out of the local recommendations market

ReachLocal announced it was shutting down Bizzy, a local discovery service, after it failing to get enough consumer adoption. By mid-November, the mobile app and website will be shut down, the company said in a blog post.