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Catching Up: Today’s Must-Read Tech Stories (New Facebook Edition)

While there were a few other stories over the last 24 hours that made headlines, nothing dominated the news as much as Facebook announcements at F8. From auto-sharing to the new profile pages, Facebook launched and announced some massive updates. In that spirit, we decided to dedicated today’s edition of Catching Up solely to these. Besides a short summary of all the new features Facebook announced, we focused on analysis stories here that go a bit deeper into the new features and their consequences for users, developers and the businesses that use Facebook.

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The Microsoft Punchard: Bing Wants to Bring Loyalty Back to Daily Deals

Daily deals weren’t much of a category two years ago and the oversaturation of the market today threatens to push it back into obscurity once more. One of the reasons why many vendors are tired of Groupon, LivingSocial and similar programs is that they don’t actually generate a lot of repeat business. Consumers just move on to the next deal instead. Microsoft wants to change this. As part of the full launch of its Bing Deals daily deals aggregation service today, the company is also rolling out a loyalty program called the Microsoft Punchard Program.