Facebook Confirms Its Location Product

Sunday, May 9th, 2010

MG Siegler is a general partner at CrunchFund and a columnist for TechCrunch, where he has been writing since 2009. His focus is on Apple. Prior to TechCrunch, MG covered various technology beats for VentureBeat. Originally from Ohio, MG attended the University of Michigan in Ann Arbor, MI. He’s previously lived in Los Angeles where he worked in Hollywood and in... → Learn More

As I said earlier tonight, code doesn’t lie. Facebook has now confirmed their location-based feature, which is apparently due to launch shortly if the code found on their touch.facebook.com site is any indication. Of course, they only confirmed it so they could clarify something else.

There are currently no plans to add marketing partners to this product. We may consider working with marketers to enhance the experience in the future, but have no plans to do so at launch,” a Facebook spokesperson tells us in response to our story. You’ll notice two key words in there, “product” and “launch.” So Facebook is acknowledging the “product” that we found. And you have to believe they wouldn’t bring up a “launch” or know details about it if it weren’t happening soon.

This was in response to the section of my previous post where I say, “This information seems to go along well with reports last week in AdAge that Facebook was teaming up with some big brands for their location functionality. Presumably, these brands will be populated, and maybe even some highlighted, in this new Places tab.” Facebook wants it to be clear that there will be no marketing partners at launch (but there could — and likely will — be later).

Actually, this is what AdAge said in its most recent article about marketers and location on Facbeook. “Marketers, which have taken a keen interest in both Facebook and geo-targeted marketing, will be integrated into the system sometime after [the launch],” Michael Learmonth and Emily Bryson York reported last week. Facebook wouldn’t talk about a specific product for that article, but did have the same line about there being no marketing partners at launch.

I asked Facebook for a comment about the launch timing, all I got back was, “Sorry – nothing to share around timing.” But again, this acknowledges that the code we found on the site, is in fact what’s coming. That means a check-in service built around a new Places component.

Company: Facebook
Website: facebook.com
Launch Date: January 2, 2004
Funding: $2.34B

Facebook is the world’s largest social network, with over 500 million users. Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskovitz and Chris Hughes to help build Facebook, and within four months, Facebook added 30 more college networks. The original idea for the term...

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