420) Dustin Moskovitz is one of the co-founders of Facebook and getting in early has been good to him. The 26-year-old is one of the youngest billionaires in the world with a net value of $2.7 billion. (Photo by Kimberly White/Getty Images)
Facebook has a new service on the horizon, one that will let users subscribe to updates about location-based deals.
The service, cleverly called "Deals," will soon give users updates about nearby promotions.
All Things Facebook calls it a heavy-handed tactic, but should prompt more local businesses to offer discounts and free gifts to those who check-in.