Facebook has officially announced its Flipboard-style news reader service, called Paper. The standalone app will be released for iPhone on February 3.
Facebook's Paper is very identical to Flipboard and Google Currents. It pulls in content including photos, videos and links from Facebook feed, and features the social network's own notification bar and action buttons. Content is shown as a customisable picture-led grid and comes with options to help share content with other people easily.