Facebook Phone Faces An Uphill Battle In Emerging Markets
Facebook is gearing up to announce a big, new phone product tomorrow. Though we don't know what it will look like, this is already good news because Facebook needs a tighter integration with smartphones if it wants to grow. It has reportedly paired up with Android and HTC, which suggests low-cost phones, also smart since since Facebook needs momentum in emerging markets where smartphone sales are advancing at breakneck speed. With expectations high, Facebook's stock closed up 3.3% in New York today.