A recent report stated that Facebook is planning to use some of the money from the IPO, which would help Facebook boost its efforts Web efforts.

"There is a very strong argument that Facebook is in a far better position to drive and dictate disruption using HTML5 than it is through creating its own hardware," said Blaber.

By purchasing Opera, Facebook would get commercial relationships with many of the world's largest mobile operators, according to market research company Strand Consult. Opera also has a presence in the mobile advertising market, an app store and knows a lot about what is going on in countries like India, Russia, Brazil and regions like Africa and Asia, it said.

However, the continued rumors that Facebook is indeed working on a phone seem to have some weight, according to Blaber.

"As much as my view is that Facebook doesn't need a hardware presence at this point doesn't mean it won't go down that route," said Blaber.