Mark Zuckerberg Ends Facebook Phone Rumors

While the social network continues to grow with mobile, there’s no sign of a smartphone in its future

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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.

Read more at ReadWrite…