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Social media site to develop 'Twitter-style' app

This product, which sounds similar to Twitter, seems to be different from Facebook for Work, another of the tech giant’s initiatives that was announced late last year.

Screenshot of the app Facebook is reportedly working on

Various media reports have revealed that Facebook is working on a stand-alone mobile news application that seems to be part of its Facebook for Business initiative.

Business Insider reports that this product, which sounds similar to Twitter, seems to be different from Facebook for Work, another of the tech giant’s initiatives that was announced late last year.

In the report, the news website reviewed screenshots of the new product and spoke to a source who has been playing around with the Facebook Business platform. Business Insider quotes this source as stating that a few companies were chosen by Facebook to pilot the app.

Facebook has however declined to comment for this story.

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Details are still scanty, but here's how Facebook's new product will supposedly work.

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