Facebook may launch location service

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The old adage is just as true on the Internet: location, location, location.

FourSquare, Gowalla and other services that have made it easy for users to broadcast their location are quickly gaining traction.

Google Buzz is location-aware. So’s Twitter. And now Facebook seems on the verge of launching its own service.

Not much of a surprise that Facebook is pushing into this space. It has more than 100 million mobile users. It hinted it would start a location service when it updated its privacy policy.

What kind of location service is open to interpretation. A big draw: geographically targeted advertising.

Facebook isn’t commenting yet. “We are constantly experimenting with new ideas and products internally. We don’t have anything more to share at this time,” spokeswoman Meredith Chin said.

-- Jessica Guynn