Mark Zuckerberg announced today the new Facebook Video Chat app that is in partnership with Skype. This new feature allows you to video chat with your friends list on your Facebook page. Right now it is only limited to one on one video chat, but that is expected to broaden to conference chats as Facebook and Microsoft look to further their social networking relationship. Microsoft is already in negotiations to purchase Skype and holds a minority stake in Facebook.
This latest development in the social media arena comes on the heels of Google’s launch of their new social networking service Google+ .