Join us Tuesday at 10 a.m. PT for Facebook's press event (live blog)

The company's holding a much-rumored announcement at its headquarters tomorrow. CNET will be reporting live with the news.

Give Facebook this much: They know how to bait a hook.

After sending out a media invitation last week to "Come and See What We're Building," we're all chomping at the bit to learn more. Many on Wall Street believe this is going to be a Very Big Deal in the company's ongoing efforts to better monetize its billion-plus users.

Is it a phone? Facebook CEO Mark Zuckerberg last summer denied that was in the works. But it's possible. Is it a new building? Nobody cares. How about something tied to search? That's possible.

Whatever the case, Facebook's tantalizing tease was enough to add another 9 percent last week to the stock, which was already in a months-long rebound from its $17.55 September trough. (Facebook went public at $38 a share.) Now we're about to learn what Zuckerberg has up his hoodie.

Join us Tuesday morning at 10 a.m. PT from Facebook's headquarters, where CNET will be live-blogging the news as it happens.
About the author

Paul Sloan is editor in chief of CNET News. Before joining CNET, he had been a San Francisco-based correspondent for Fortune magazine, an editor at large for Business 2.0 magazine, and a senior producer for CNN. When his fingers aren't on a keyboard, they're usually on a guitar. Email him here.

Charles Cooper

Charles Cooper was an executive editor at CNET News. He has covered technology and business for more than 25 years, working at CBSNews.com, the Associated Press, Computer & Software News, Computer Shopper, PC Week, and ZDNet. See full bio

 

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