Facebook is planning another big product launch Thursday its fourth in six months in a show of the company's determination to defend its position as the world's leading social network against a host of rival apps and other challengers.
"A small team has been working on a big idea," Facebook said in a note delivered to tech reporters. The invitation, first reported by ABC News, didn't elaborate but added: "Join us for coffee and learn about a new product."
The announcement fueled speculation that Facebook may be working on a service to draw updates from blogs and other websites, since rival Google is planning to end its popular Google Reader service at the end of this month. Facebook, however, declined to say more about the event.