Rumor: Facebook To Launch MP3 Store?

Is Facebook planning on launching an MP3 store? Mashable this morning linked to a post on All Facebook that notes an “extremely reliable anonymous source” tipped off blogger Nick O’Neill that Facebook is prepping to launch an in-house competitor to iTunes.

Facebook has reportedly “been searching for a CEO to head up this new subdivision” and has “been pursuing agreements with a number of record labels.” O’Neill writes that his most recent unnamed informant actually knows one of the people being interviewed for the job. We put in a call to Facebook to inquire further into the matter, but haven’t heard back yet.

While “rumor” seems to have become Facebook’s second name lately, maybe this lead has some substance. Facebook’s roughly 40 million users are clearly music fans — iLike, the third-party music discovery app, is the eighth most popular application on the site with 705,943 daily active users, according to application tracker Appsaholic.

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