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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.

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Charles Cooper Former Executive Editor / News
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.
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Paul_Sloan.jpg
Paul Sloan Former Editor
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.
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Charles Cooper
Paul Sloan

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.