Facebook app update?

With probably the worst function major app on iOS, Facebook said it was re-doing the app for release in July. Obviously that date has come and gone with little to no updates on when it will be arrive. I'm sure with it's collapsing stock price they have other things to worry about, but the fact that the app is so bad it should be at the top of their list. I heard the Android version is even worse. My question is, I wonder if it was held back intentionally at Apple's request and Facebook will share the stage with Apple, as others have done in the past, at the media event scheduled in September?