The world’s largest social network is developing a mobile product codenamed “Reader” that will highlight and showcase news from Facebook users and media organizations. Timothy Stenovec asked Brian Solis for his thoughts.

Following is an excerpt from the article…

With its new feature, Facebook could be setting its sights on Twitter’s position as the place to turn for breaking news, Brian Solis, author of What’s the Future of Business and a principal analyst at Altimeter Group, told HuffPost.

“Facebook is seeking to capture the information that’s already in its NewsFeed, apply intelligence, and present stories to users in not only real-time, but in a way that’s visual and experiential,” Solis said. “Facebook is home to 1.1 billion users. This is a significant move. But, there’s no reason that Twitter couldn’t create a reader app of its own, not unlike what it did for Twitter Music.”

Read the full post here.