GOOGL - Report: Facebook Developing Android-Based Smartwatch
Facebook (NASDAQ: FB) is venturing into a familiar hardware technology segment. According to a story published Friday in The Information, the social media giant is developing a smartwatch.
Citing "people familiar with the device," the article said that Facebook's timepiece will initially run on Alphabet 's (NASDAQ: GOOGL) (NASDAQ: GOOG) Android operating system (OS). However, according to the article's sources, the company is developing a proprietary OS that future versions of the watch will presumably utilize.
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Report: Facebook Developing Android-Based Smartwatch