Facebook reportedly preparing to take on Flipboard with ‘Paper’ news reader

Facebook is currently putting the finishing touches on its own mobile news reader service and could launch the product by the end of January, according to a new report from Re/code. The social network’s Flipboard competitor is reportedly called Paper — not to be confused with the popular iOS drawing app — and is finally nearing completion after “years” of work. (The Wall Street Journal broke news on the effort last year.) Re/code says it’s currently unclear whether Paper will be a standalone app when it reaches Facebook’s users; it may instead take the form of a web app optimized for mobile devices.

Much like Flipboard, Paper will reportedly display stories from The New York Times, The Washington Post, and other publications in a…

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