Facebook looks like it is finally going to launch a news reading service built for mobile devices in the coming weeks. The news reader is known as “Paper,” according to a source familiar with the matter, and it is similar to Flipboard. Facebook could launch the app before the end of January, source said, though the timetable could change.
Paper and Flipboard share a number of similarities, according to the source. Both essentially are rich media content, displaying a mix of news stories from publications like the New York Times or the Washington Post, along with status updates from Facebook users — all in a visually stunning “paper-like” format hearkening back to a time before digital devices. [Source]
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