The biggest social network on the web — that’s Facebook, by the way — is getting ready to unveil a location sharing service of its own, according to a report Tuesday.

Citing unnamed sources, The New York Times’ Bits blog says there will be two components, “a service offered directly by Facebook that will allow users to share their location information with friends,” and a set of APIs other location-sharing services can employ to allow Facebookers to update their location info using outside services.

NYT’s Nick Bilton says Facebook will shed light on the new service at the company’s upcoming f8 developer conference in April.
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