Facebook launches new 'save content to read later' feature

London, Aug 2 (ANI): Social networking giant Facebook has launched a new feature that allows users to save content to read later.

According to a report by Website iMore, users will see a notification informing them that they can "press and hold on to a story to save it for later".

The function will work similarly to the way that many other websites use "favourites", making a status update or status update available in a private folder called "Saved," the Telegraph reports.

According to the paper, the new feature will appear first on Facebook's mobile website and iOS app, but will soon be available in the desktop version of the site.

Many believe that the new option will help Facebook to challenge services such as Flipboard and Instapaper, which allow users to aggregate a number of stories to read them later. (ANI)