Facebook Close To Launching Foursquare Geolocation Competitor

Facebook is on the verge of launching its own geolocation check-in Foursquare competitor feature.

Citing sources familiar with the matter, CNET reports that the company will be soon launching a geolocation API which would allow users to update their status messages with their exact location.

Developers will be able to incorporate the API into their applications to offer location-based services and games to users.

In a statement to CENT, Facebook spokesperson Larry Yu said: “We are working on location features and product integrations, which we'll be launching in the coming months, and we'll share more details when appropriate.”

The new API will allow Facebook to attract the emerging location-based application developers in order to offer their services on the 500 million-strong Facebook ecosystem.

One CNET source has claimed that Facebook engineers are currently working with Localeze, the company that powers Twitter's "Places" directory to develop the API.