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 Facebook's web-based email service is reported to be at the verge of completion. The social networking giant is planning to announce its email service with @facebook.com addresses at an event in San Francisco, reports the Silicon Valley technology blog TechCrunch. This merger of e-mail and social network services would propel Facebook's popularity to new heights.
The company is expected to unveil the email service code named 'Project Titan' at an invite-only event on Monday. This endeavor is likely a full-fledged e-mail service aimed to compete with Gmail, Yahoo Mail, Hotmail and other web-based e-mail services. Moreover, the industry experts feel that it will be a 'Gmail Killer' as Facebook and Google are in a deepening spat over exporting contact lists and are trying to establish their dominance on the Internet.

Facebook e-mail service will provide a business marketing and communications platform, which would make its internet prominence solid. Facebook already has a well-established messaging service apart from the option of sharing links, photos, and videos. The instant messaging chat component and the VoIP voice calling and group chat possibilities with its recent partnership with Skype gives it an edge over its competitors. GigaOm had speculated that Facebook is planning to upgrade its mobile chat feature and add a 'one to many' group chat capability.

The report comes at a time when the search engine Google has give a 10 percent salary hike to all its employees to retain its talents from not jumping sides to rivals such as Facebook.