TheInquirer: Korean phone maker Samsung has denied rumours that it is plotting to launch its own social network, blasting online murmurs as 'groundless'.

Yesterday, rumours surfaced claiming that Samsung is planning to launch a 'Facebook rival' based on its existing project 'Family Story'. The speculation was that the company would sign up everyone with a Samsung Galaxy phone to build up a substantial user base. (Facebook, Industry, Samsung, Services, Web)