Facebook is preparing to launch a new property to display news on the Web interface application Facebook on mobile devices, the new property will have the name (Facebook Paper) and will enable the user to access information and news of interest easily and beautifully.
Facebook in this way are trying to compete with mobile app Flipboard is known and which offers news and a new electronic journal, report re/code indicated that (Chris Cox) Vice President of Facebook, along with a team of engineers working for a range of new projects including the Facebook Properties Paper.
It seems that Facebook for this step is a response from them after failing to acquire Flipboard and so it may seem as an attempt to compete with this application which was successful however.
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