Facebook is reportedly launching a news reader, to be called FB Paper, before the end of January 2014. This is an attempt to directly rival the Flipboard and it aims to bring shared and aggregated stories to smartphone and tablet users. The service could be either a standalone app or a mobile-centric site. Paper is an attempt by the social network major to better monetize its mobile user-base as well as increase engagement.
FB CEO Mark Zuckerberg had earlier spoken about the Paper.