“When you share your location with others or add a location to something you post, we treat that like any other content you post.” It’s unclear as of now how much control users will have in how location information will be published. There will be location features directly through Facebook, as well as through third-party developers with Facebook’s API.
Basically: Facebook wants to start to compete with Google for small, targeted local business advertising. And they’re willing to jeopardize your privacy, much less your safety, to do so. The feature is expected to be rolled out in April after f8, Facebook’s annual conference.
If Please Rob Me based on Twitter’s API is any indication of the good things to come, Facebook’s location tool should be just dandy.
Remember that one creepy guy from high school that friended you even though you haven’t spoken to him ever or laid eyes on him (intentional or not) in years?! Well now, instead of simply stalking you via your Spring Break photo albums, he can just come on down to the beach with his X-ray binoculars and piano wire! Thanks Facebook!