Report Says Facebook Working On New Website For Office Use

World famous social media network, Facebook is preparing a new office version of its social networking site to compete with other sites like LinkedIn, the Financial Times, said sources on Monday.

Report said, "Facebook is secretly working on a new website called 'Facebook at Work'" that would allow users to "chat with colleagues, connect with professional contacts and collaborate over documents."

Last month, Facebook reported its quarterly profit nearly doubled to $802 million (roughly Rs. 4,900 crores), however, its stock pounded after outlining a plan to invest heavily in the future instead of revelling in short-term riches.

Mark Zuckerberg, Facebook founder and chief said, "We are going to continue preparing for the future by investing aggressively, connecting everyone, understanding the world, and building the next-generation in computing platforms."

He said, "We have a long journey ahead."

Facebook was set up in 2004 by Zuckerberg with fellow students at Harvard University who wanted to set it up as a college networking site, now it has 1.35 billion monthly active users worldwide.

Facebook site has been seeking to broaden its offerings, unveiling an application that lets people chat anonymously in virtual "rooms," evoking the chat rooms from the early days of the Internet.

Moreover, it is testing a feature that lets users of the leading social network make purchases by simply pressing an on-screen "Buy" button.

Last month Facebook completed its multibillion-dollar deal for mobile messaging application WhatsApp.