Facebook, Mobile App | featured news

The new app is similar to Instagram, the photo-sharing app Facebook is in the process of buying for $1 billion. The acquisition, however, has not yet been completed, and Instagram's employees did not work on the Facebook app. Facebook has said it expects the Instagram app to close sometime this year.

Facebook's $1 billion acquisition of photo-sharing start-up Instagram has shifted the spotlight to the newest phenomena in mobile apps: uploading personal videos from smartphones.

Speaking to reporters on Thursday, Facebook’s CEO Mark Zuckerberg said that the social network has plans to “launch something awesome” next week. There’s no official word on what will be announced, but we suspect it’s going to be the new iPhone photo-sharing service that we saw just last week.

Facebook has rolled out its long-awaited location feature, Facebook Places, an application that lets users "check in" on their mobile phones so friends know where they're hanging out and what they're doing.

Before iPhones, Foursquare and Facebook, B.J. Fogg envisioned a mobile fitness device that coaches the user, tracks her location, and shows her friends also exercising at that time.