The First Sign That Facebook Home Is Crumbling

By Evan Niu, CFA – May 9, 2013 at 7:00PM

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In less than a month, the HTC First has promptly received a price cut. The device was the first smartphone with Facebook Home pre-installed, and the price drop suggests it's not selling well.

It's been just over a month since Facebook (META 0.43%) unveiled Home, a suite of software apps and services that integrate with Google (GOOGL 10.22%) Android devices. It's been less than a month since the HTC First launched as the first model with Home pre-installed, and exclusive carrier AT&T (T 1.02%) has already dropped its price.

The First is now available for $1 on contract, down from $100 on contract when it launched just a few weeks ago. That's a bad sign that implies that First sales are weak, which doesn't bode well for Home.

In the video below, Fool contributor Evan Niu, CFA, explains why it's all right if Home crumbles.

Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool recommends Facebook and Google. The Motley Fool owns shares of Facebook and Google. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.