Facebook has announced a new proximity based hyperlocal ad product for businesses.  You draw a circle on a map and Facebook pushes ads for your business to groups of people in that circle.  It will come to the UK in a few months.  The Facebook article is easy to understand and the TechCrunch one is decent too.  It looks like some clever tech and you can see the appeal. One of the odd things about the local web has been the experience people report of selling online ads on hyperlocal…

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