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Samsung group: We're not making a Facebook rival


(CBS News) Reports that Samsung is planning to launch a social network called "Samsung Facebook" were put to rest Thursday.

Citing Samsung officials, The Korea Times reported that the company would expand its cloud storage and sharing service, Family Story, into a Facebook-like social network.

Samsung released this statement on its blog to put the rumors to deny the report:

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.

So, what is Family Story? The service is an application available on Samsung devices and lets users share photos, videos and messages with family members or close friends. Family Story is marketed as a "private social network."