Facebook is working on a fresh way to read news, a source tells TechCrunch. It’s not based on RSS, and Facebook isn’t rushing the launch of a product that could compete with Flipboard. That’s because news reading is a high-stakes, long-term project that could get us to invest even more time in the social network.
Since our source brought us that info last week, the WSJ ran a story saying that Facebook is working on a product, code-named Reader, but had few details about how the product worked. It compared Reader to Flipboard because it supposedly aggregates news and presents it in a tablet- and smartphone-friendly format.
The report matches up with a post we published a little over a week ago, when we predicted that Facebook would soon be launching a reader product. We were wrong about the launch date, but can now confirm Facebook has indeed…
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