iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Markets Favorite Hail Mary: $FB To Build Phone

Yeah, every major technology corporation should build a fucking smart phone. They won’t engross each other’s market share at all…

Facebook (FB -9.62%) plans to release its own smartphone next year, according to New York Times tech writer Nick Bilton, who cites several Facebook employees and allies.

This wouldn’t be the newly public social network’s first stab at building its own smartphone, or even its second, and not everyone thinks it’s a good idea.

“Hardware is an extraordinarily difficult, low-margin, commodity business” that “Facebook knows absolutely nothing about,” says Henry Blodget at Business Insider. But chief executive Mark Zuckerberg seems determined, reportedly hiring more than half a dozen former Apple (AAPL +1.77%) engineers who worked on the iPhone.

Here, five reasons Facebook would actually be wise to build its own handset:

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