A Facebook phone has 0% chance of success

Surely, you've heard the rumors by now: Facebook (NAS: FB) is building a smartphone. A New York Times report in May has renewed talk of a Facebook Phone, while speculation dates as far back as 2010. All Things D chimed in last November, saying the social networker was tapping HTC for the hardware, although the recent report says Facebook now wants to do its own hardware.

The problem for Facebook is that it would have exactly a 0% chance of succeeding.