We recently reported Facebook is developing their own RSS reader and it was set for June 20 release, this date never brought any reader from Facebook, instead Instagram got video features to rival Vine.
The reader project may not be false, with WSJ reporting Facebook is developing a Flipboard style reader and has been working on the project for over a year, pushing before Google Reader announced it was closing. The magazine based format may be what Facebook want to get into and this will be a mobile first app, with no mention of a web application.
Facebook has not bee great at replicating other applications, we look at Poke, the app developed as a Snapchat clone, which has been one of the most unsuccessful ventures for Facebook. They have worked extensively on this project it seems and the social integration with Facebook may prove incredibly valuable for the Flipboard reader.
Via: The Verge