Facebook today announced Paper, a news creation and curation tool that ties into a user's Facebook account. The app is the first product to come out of Facebook Creative Labs, a division within Facebook made of small teams who are dedicated to startup-style projects. Paper is split into a news reader that pulls its content from both a user's Facebook News Feed and from well-known online publications, featuring a magazine-style layout with sections that range from technology news to animals. Facebook will also reportedly assign a team of editors to curate the best and most popular online content for users, and a composition tool that allows users to create their own status updates rich with media will be available as well. Speaking to Re/code, Mike Matas, product design lead for Paper, explained why the company moved beyond a visual newsreader like Flipboard [Direct Link] and created both a news reading and creating tool. Paper by Facebook will be available from the iOS App Store in the US starting February 3rd, with international availability to be determined. A visual walkthrough of the app is available on Facebook's website. Article Link: Facebook Unveils News Creation and Curation App 'Paper'