Facebook Just Made It Easier to Boast How Cool You Are

A previous version of this story said Facebook had 1.28 million monthly active users, when it has 1.28 billion. TheStreet regrets this error.

NEW YORK (TheStreet) -- In case an emoticon just doesn't sum up all your feels, Facebook FB has launched a new feature allowing users to update friends on exactly what they're doing. Like, right now. This second.

The social network announced Wednesday optional functionality for users to automatically include what music they're listening to or TV or movie they're watching directly into their status updates.  "When writing a status update - if you choose to turn the feature on - you'll have the option to use your phone's microphone to identify what song is playing or what show or movie is on TV," the company explained in a statement.

Similar to audio-identifying app Shazam, the feature will trawl its database to pinpoint exactly what you're watching or listening to. Then, once posted in a status update, friends will be able to watch a 30-second preview of the song or show.

Shares of Facebook were higher in mid-Wednesday trading, up 1.6% to $59.49.

With Facebook's 1.28 billion monthly active users (MAUs), the Menlo Park, Calif.-based Facebook will continue to collect more data on what users consume, watch, buy or enjoy, advertisements targeting those specific users can be sold at a premium.

For the first-quarter, Facebook generated $2.5 billion in revenue, an increase of 72%, compared with $1.46 billion in the first quarter of 2013. Revenue from advertising was $2.27 billion, up 82% year-over-year, while mobile ad revenue represented about 59% of advertising revenue in the first quarter.

If you liked this article you might like

Why Apple Pay Cash Won't Be a Venmo Killer: PayPal CEO

Dow, S&P 500 Set New Records as Fed Moves to Unwind Balance Sheet

PayPal Has Billions in Cash and Is On the Prowl for Acquisitions

PayPal Hunting for a Big Deal?

Stocks In Negative Territory as Chances for December Hike Surge