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Facebook on Thursday unveiled Paper, its own Flipboard-like news-and-social application that will launch on iPhone on February 3rd – an iPad-optimized version of the app has not been confirmed, and Android Paper plans are yet to become official. Just as previously rumored, Paper will include a variety of news sources, allowing users to customize their reading experience based on their specific preferences, but it will also compete directly against Facebook’s own mobile app. The Paper application has many sections that can be customized, including the Facebook News Feed section, which is the first one available in the app, ready to bring all the “news” from your friends. The application offers “inspiring new designs for photos, videos and longer written posts,”