In an announcement on its own Facebook page, the White House said Obama will sit down with Facebook founder Mark Zuckerberg and chief operating officer Sheryl Sandberg for a "town hall" event at Facebook's Palo Alto offices on April 20.
The "Facebook Live" event will be streamed live on Facebook starting at 1:45 pm Pacific time (2045 GMT).
The White House said Facebook will select questions on the economy and innovation for Obama to answer during the event.
Questions can be submitted through WhiteHouse.gov/facebooktownhall or the Facebook event page.
Obama, who announced on Monday through Facebook and Twitter that he would seek reelection in 2012, met with the 26-year-old Zuckerberg and other Silicon Valley technology leaders during a visit to California in February.
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