Linked by Thom Holwerda on Mon 28th May 2012 20:32 UTC
"Employees of Facebook and several engineers who have been sought out by recruiters there, as well as people briefed on Facebook's plans, say the company hopes to release its own smartphone by next year. These people spoke only on the condition of anonymity for fear of jeopardizing their employment or relationships with Facebook. The company has already hired more than half a dozen former Apple software and hardware engineers who worked on the iPhone, and one who worked on the iPad, the employees and those briefed on the plans said." Who would risk signing a two-year contract only to end up with next year's MySpace Phone? A bit extreme, perhaps, but history has shown us that social networks do not have particular staying power.