Facebook Really Wants to Know Where You Are, Considers Buying Loopt

Rumors are swirling that Facebook's looking to purchase location-aware social net Loopt. It makes perfect sense, given the sudden arrival recently of Google's Buzz mobile, which is location-aware from the get-go. Facebook's playing catch-up.

According to TechCrunch Facebook is busy doing due diligence on the potential deal, indicating that the idea is in its very early stages. And at such a point in deals like this, before negotiations have really kicked off, it's usual for everything to be...