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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Source Fool.com