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People are using Facebook as kind of a news site for friends, by friends these days. Ask anyone where they get their news from and some will say they got it from Facebook. The only problem? A lot of people's friends are boring, and that makes the Facebook news feed less of a beneficial experience.

To make it a source of news once more, and like Flipboard we reckon, the company will launching Facebook Paper. It is targeted to be an aggregate that combines news from select friends and stories from around the world.

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The release of the app happens on the App Store February 3. Check out the demo below: