Facebook reportedly testing Twitter-inspired news app

Facebook Chairman and Chief Executive Mark Zuckerberg
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Social media giant Facebook could be planning to take on Twitter with a standalone news application for mobile devices.

According to Business Insider, the unnamed product is in its alpha stage of testing and will enable users to receive breaking news alerts of up to 100 characters from news organizations straight to their mobile devices.

Reportedly, the app will be part of Facebook's business initiative and will be utilized by select partner publications, at least for now.

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"We don't comment on rumors or speculation," a spokesperson for Facebook told CNBC.

The company already produces several apps—Facebook, Messenger, Instagram, WhatsApp, Hyperlapse, Slingshot and Groups—and has been work-shopping new apps through Facebook Creative Labs.

Read the full report from Business Insider.