Facebook Looking to Team with Samsung
Mark Zuckerberg promised investors that Facebook (NASDAQ:FB) would invest in products that are going to reward the shareholders. In order to increase revenue, Zuckerberg has talked about a partnership with Samsung (OTC:SSNLF), and it looks like they are pushing to make it happen.
Sheryl Sandberg, Facebook’s Chief Operating Officer is promoting her book in South Korea, but she is also encouraging a partnership with Samsung. Last month when Zuckerberg went to South Korea he met with Samsung executives as well as South Korea President Park Geun-hye.
There were rumors that during his visit Zuckerberg was discussing a Facebook phone with Shin Jong-kyun, the head of Samsung’s mobile unit. Samsung denied that a “Facebook-friendly” phone was in the works though.
This is not surprising considering Facebook’s first phone did not receive a great welcome. The First was from HTC and AT&T (NYSE:T) and came with Facebook Home, but it was not very popular with consumers.
The LA Times reported that the Korea Herald had a source tell them back then that “Facebook has every intention of becoming the second Google, and with that intent in mind, Zuckerberg is said to have asked Samsung to step up cooperation by launching a phone with a Facebook interface.”
According to the Korea Herald’s source, Facebook seems to have given up on the idea of a phone and is trying to partner with Samsung on some other project.