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Facebook phone rumors met with disdain

NEW YORK, NY - APRIL 09: In this photo illustration, an Instagram photo of various Facebook logos are seen on an Apple iPhone on April 9, 2012 in New York City. Facebook Inc. is acquiring photo-sharing app Instagram for approx. $1 billion.
NEW YORK, NY - APRIL 09: In this photo illustration, an Instagram photo of various Facebook logos are seen on an Apple iPhone on April 9, 2012 in New York City. Facebook Inc. is acquiring photo-sharing app Instagram for approx. $1 billion.
Photo by Justin Sullivan/Getty Images

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