10am pacific. Looks like they're going to be announcing the long rumored Facebook Deals service. If reports are to be believed, it will be similar to Groupon and offer deals for groups of people to take advantage of but the emphasis on Facebook's version will be that everything will be a social experience. So more skydiving with friends, fewer pedicures alone. More dance classes, fewer Smiths albums. The Facebook page with the names of the first cities is already up:. "Deals will be available soon in Atlanta, Austin, Dallas, San Diego and San Francisco. "

Update: Maybe not. We're hearing now that it will have to do with software and infrastructure.

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