Facebook announces location based service – Places

No surprise but Facebook has jumped on the location based social networking functions with – Places. Clearly they are going after Foursquare and Gowalla, I realize I was being master of the obvious with that statement. While I am still debating how we can best leverage these services – from a business and marketing angle – one cannot ignore when the social media giant Facebook jumps on the bandwagon. For Facebook, it provides another source of data on their users, a potential gold mine they can leverage to sell to advertisers and marketers. It will be interesting to see how well Places works for Facebook.

A good point by Jonathan Yarmis:

Something to watch, for me I already went into my FB profile to check I had the proper security settings. Just saying!

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