Facebook is scheduled to hold a press conference beginning at 5PM PT to provide "an update on the service's features and products."
Facebook may unveil location features tonight that will let users tag their status updates with where they are and "like" or establish relationships with Places. Facebook is approaching location as a platform play; it will probably allow other popular location services like Foursquare, Booyah's MyTown or Gowalla to contribute check-ins so long as they are structured in a way that the social network can transform into search results or other offerings.
Follow the Facebook announcement live below.
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