Samsung plans to launch Facebook competitor

Samsung is planning to enter the social network market early next year by introducing a Facebook competitor,The Korea Times reported. The service, which the company hopes will eventually compete with Facebook, will be available on a variety of Internet-enabled devices.

“The eventual goal is to expand our social media service across different devices from different companies across different mobile platforms. That includes cameras, televisions and blue-ray players,” a Samsung official reportedly said. The social networking service is known internally as “Samsung Facebook,” The Korea Times claims, and the company plans to integrate it with Amazon’s cloud computing platform. The final product is slated to launch in the first quarter of 2013. “By the end of the year, we will have a polished and finished version of Family Story that will be offered first to Samsung device users for free. The new service will become available in the first quarter of next year at the earliest,” the official said.