Facebook boss Mark Zuckerberg has strongly denied the social network is planning to release its own phone.
Facebook boss Mark Zuckerberg has strongly denied the social network is planning to release its own phone. In an effort to dispel long-running rumours, Mr Zuckerberg said releasing a Facebook phone was "not the right strategy".
"We have more engagements from the people who we reach, and I think we'll also be able to make more money for each minute people spend with us on their mobile devices” he said.
His comments came as his company announced a sharp drop in profits - but an increase in revenue. The company made a profit of $64m in the final three months of last year, compared with $302m a year earlier. But it has seen an increase in revenue coming from mobile advertising - an area investors see as one of the company's biggest challenges.
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