TOP NEWS Launches Group Buying Site

Los Angeles-based SocialBuy is launching a new, online group buying site in Los Angeles and San Francisco, and is hoping to provide discounted local products and services, the firm said this week. According to the firm, it will provide daily deals on products from such brands as Sprinkles Cupcakes, Sunset Tan, PinkBerry, Dolce Group, ZaZa Nails, Yo Cup and Lava Lounge, along with other local retailers. The firm was co-founded by Eli Natan, who is the former Vice President of Sales and Marketing for online grocery service Pink Dot.