I can see good reasons for Facebook to build a phone, and would bet even money that that's what they're doing right now. However...<p>Media: "Facebook is making a phone!?"<p>FB: "No, absolutely not. Definitely not."<p>Media: "Well, that's exactly what you <i>would</i> say if you were making a secret phone!"<p>FB: "..."<p>I think Facebook is likely at least considering making a phone, and mocking something up in its skunkworks. I don't know that it would be very good, though. Only time, or lovely leaks to Palo Alto bars, will tell!