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Nov 15, 2010 11:01 AM

Speculation mounts as Facebook prepares for event

SAN FRANCISCO (AP) Facebook is holding a mysterious event Monday in San Francisco.

An e-mailed invitation sent to journalists and bloggers says only "please join us for an invite-only event." But blogs have been buzzing with speculation, a big one being that Facebook will announce an e-mail service, its answer to Google's Gmail.

That's in part because the invite is reminiscent of the old-school, red, white and blue "air mail" envelopes.

If that's true, it could spell trouble for Google Inc. and other e-mail service providers. Facebook and Google already compete for Internet users' eyeballs and the advertising dollars that follow them.

The event comes a day before Facebook CEO Mark Zuckerberg speaks at the Web 2.0 Summit in San Francisco.

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