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Samsung Denies It's Building Facebook Rival

Earlier this week, unnamed Samsung officials were cited as saying the company was working on a social network that would eventually rival Facebook. According to the story, the project, dubbed 'Samsung Facebook' internally, would be based on Samsung's Family Story system, which is designed to share photos, reminders and memos on Samsung phones and televisions. However, it seems Samsung is keen to quash these reports of a Samsung social network, as the company yesterday called the rumors of a Facebook rival 'groundless.'

In a posting to Samsung's official electronics blog, the company acknowledged that there has been inquiries and questions about a Facebook rival code-named 'Samsung Facebook' but plainly stated, "[This] is not true and the rumor is groundless."

Sammy goes on to confirm that while the company does have plans for Family Story, this is far from a 'Samsung Facebook.'

"'Family Story' has been available since February 2012 on Samsung Smart TVs, Smartphones, Tablets and the web," the company said. "This service, like its name, is a family-oriented convergence service that focuses on sharing and storing families’ special moments. It is true that we currently are working on upgrading 'Family Story' [...] but this is far from a 'Samsung Faceboook' as some are claiming it to be."

Samsung has already dabbled a little in social networking with the launch of ChatOn, a mobile chat application that's available on Samsung devices as well as the Android, iOS and BlackBerry platforms. However, given the company's statement this week, it seems unlikely Samsung has any intention of competing with big players like Facebook.

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