Facebook CEO and founder Mark Zuckerberg not only threw a wrench in the rumor mill today, he killed it. On the company’s fourth-quarter earnings call Wednesday Zuckerberg ended all the speculation by dismissing the legendary phone.
“People keep on asking if we’re going to build a phone,” said Zuckerberg. “We’re not going to build a phone.”
Today’s earning announcement revealed exactly why Facebook doesn’t need to own its own device. Between owning its own apps and photo-sharing site Instagram, Facebook owns more than 25% of the time that users in the US spend on mobile devices, reports ReadWrite.