We reported yesterday that Samsung was working on a Facebook competitor. We cited a Korea Times article as the source. Samsung has come out today on their official blog and denied the claim saying that it was groundless. They are saying that it is a rumor and no such project exists. They do admit to upgrading "Family Story," however.
The full denial, as seen in the blog post, is quoted below for reference:
There have been inquiries and a few articles claiming that Samsung Electronics is going to offer a Facebook-like service, being developed under a code-name called 'Samsung Facebook.' However this is not true and the rumor is groundless.
'Family Story' has been available since February 2012 on Samsung Smart TVs, Smartphones, Tablets and the web*. 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' as we always thrive to provide consumers with enhanced experiences, but this is far from a "Samsung Faceboook" as some are claiming it to be.
It appears that we may have gotten this one wrong, but at the same time, an upgraded "Family Story" could easily be considered a Facebook competitor as they both look to achieve similar results. I wouldn't count Samsung out quite yet just because of this denial as it could be they just don't want the competition to know.
With that said, Samsung has denied the rumor, so take that with a grain of salt as well. We will keep you up-to-date with any changes in this story as they happen.