For those of you who have been waiting for the Facebook news reader here is a good news for you, Facebook has finally announced its launch. I know the wait was long but it seems like it was worth waiting for.

This is no regular reader app but is a standalone app called Paper that takes content from the Facebook network and turns it into a newspaper-style platform.

The app would be first available to the iPhone users in the US on February 3rd.

This app is the hard work of a group of fifteen people at Facebook known as Facebook Creative Labs.