Facebook Press Conference LIVE: Video Streaming From Facebook Announcement

Facebook is holding a press conference beginning at 10:30 AM PT at its headquarters in California.

You can follow the announcement live via the video stream below.

There has been speculation that Facebook is set to announce a redesign of its site. According to All Things Digital, Facebook intern Feross Aboukhadijeh said, "Right now, we're building something really cool that's going to be released soon, but I can't share any details because it's top secret! :)"

Venture Beat wrote in August of this year that "chief executive Mark Zuckerberg has declared that the company is on “lockdown” for the next 60 days, with the office open on weekends as the company tries to revamp Photos, Groups, and Events in advance of the Google launch." It's been exactly two months since then--what do you think we'll see? Facebook recently revamped its photo features.

Follow below for the latest. Huffington Post blogger Larry Magid will also be live blogging the event here.

Watch live streaming video from facebookinnovations at