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Facebook is allegedly planning to roll out location sharing capabilities next month, once again playing catch-up to other services that have gained popularity thanks to location data. The rumor comes courtesy of anonymous sources who have been "briefed on the project" speaking to the New York Times, who said that Facebook will announce the feature at Facebook's annual f8 conference in late April.

The company's plans for such a feature have not been entirely secret—Facebook hinted at location features when it updated its privacy policy in November. Like other postings made to Facebook, location information will only be made available to the people you decide to broadcast it to.

"When you share your location with others or add a location to something you post, we treat that like any other content you post," reads the policy. "If we offer a service that supports this type of location sharing we will present you with an opt-in choice of whether you want to participate."

The location features will come in the form of an API for third-party developers and from Facebook, according to the Times' sources.

The feature will undoubtedly be popular among many of Facebook's 400 million users, as it has already proven itself with other services. For example, Twitter added geolocation to its API last year, not to mention that Foursquare, Brightkite, Google Latitude, and Loopt have all built their success solely upon the use of user location data. Needless to say, it's not something that will be new to the Web, though it probably will be new to a sizable chunk of Facebook's audience. Let's just hope the company rolls it out the right way, as implied by its privacy policy, and doesn't end up broadcasting everyone's locations to the world by default.

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You're carrying around a video camera in your pocket (it's that thing attached to your mobile phone) so be prepared and learn how to start streaming video to the web at a moment's notice.