Unnamed sources cited in The New York Times, Facebook plans to introduce a new location-sharing feature to is social networking service.

The feature will apparently let users share their own location as well as see the location of their friends in their news feed. The source says that Facebook has been working on this feature for a year, and has waited until it is fully ready before releasing it.

Facebook will also make APIs openly available to third-parties who wish to enable location features within their own Facebook apps. Facebook has not said if or how mobile phones will play a role, but many of the site’s users access it from devices such as BlackBerries, Windows Mobile, the iPhone and Android handsets — all of which offer GPS location tools.

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