App of the Day: Facebook Announces Paper, a New iPhone App That Reinvents the Newspaper

Currently, Facebook's News Feed is essentially an unindexed stream of data from friends or pages you've followed. The new Paper app is attempting to make that a better experience by letting you compile content into sections and favorite interests.

"You can customize Paper with a choice of more than a dozen other sections about various themes and topics—from photography and sports to food, science and design. Each section includes a rich mix of content from emerging voices and well-known publications," the company explained in a news posting about the app.

Paper also changes the design by letting you thumb through cards instead of a vertical stream. You can tilt your phone to explore high-resolution panoramic photos. Full screen videos will automatically play. You'll also know exactly what your post or photo will look like thanks to live previews.

The app will be available February 3.