
As reported earlier this year, Facebook has been rumored to announce an online music service to compete with iTunes and MySpace in the near future.
This just in: the “Facebook Music” platform will serve as the social networking giants first step into the music space.
The new platform is set to be announced at ad:tech in New York City next week. Leading up to this announcement Facebook has been holding top-secret meetings with high-level representatives at each of the four major music labels.
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