Samsung works on own social networking service?

Right now, you know that there is no other social network service that you would rather throw your weight behind other than Facebook, but then again, Facebook is not exactly doing too well (in terms of its share price) at the moment ever since its IPO launched. Still, there are over 900 million users with accounts on Facebook, so it is no surprise to hear that Samsung might actually work and complete on the development their very own social network by the time the first quarter of 2013 gets underway.

This project has been deemed as ‘Samsung Facebook’ in Samsung’s internal circles, which leaves no doubt on whoever stumbles upon Samsung’s social network that the South Korean company intends to take a huge bite from Facebook’s market share. The framework for the service has already been developed, so it would only be a matter of time before the final, polished product is released to the masses. Would you go Samsung, or other devices that also have Facebook support as well?