Mark Zuckerberg, the founder and CEO of the worlds largest social network Facebook, traveled to South Korea to meet the co-CEO Shin Jong-kyun to discuss a potential partnership between the two companies. Jong-kyun “JK” Shin, is running Samsung Electronic’s all-important handset division.
According to Bloomberg, Shin said to reporters that the two had talked about the state of the IT industry as well as potential partnerships. According to Forbes, Zuckerberg asked Samsung to make a “Facebook-friendly phone.”
In April Facebook launched its new mobile application called “Home”. It replaces your standard Android’s home view of the screen with Facebook experience featuring full-screen photos, status updates, and notifications. Facebook also announced a special version of Home will come installed on the new HTC First phone on AT&T.
However, the app received lower than expected rating by Google Play – a reflection of users disappointment. AT&T is cutting the price on its HTC One contract offer from $99 to $1. There have been opinions from users that Facebook Homes poor performance is the reason of the price fall of HTC One offer.
Facebooks CEO has made it clear that the social network site is working hard to offset “Home” slow start by making significant improvements to the mobile app. The “Home” app has been launched already for Samsung S4 phones. Both companies could greatly benefit from a possible partnership given the fact that their relations were already healthy before the meeting.
Facebooks share price gained 0.78% yesterday. It has experienced a significant price jump right after the news of the meeting.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
