Last year Facebook announced an application for smart phones that would notify users with Breaking News from partnered news publishers. The product seems to be a part of the Facebook for Business initiative. However, the concept of micro news seems inspired from Twitter.
Users shall have the choice to pick notifications from the publishers they like. Once configured, they would receive breaking news notifications from the chosen news publishers through the app. The users shall then be able to browse to the particular link from where the full news content can be accessed.
The app is still in test phase and Facebook has not disclosed much about the new application. Reports state that Facebook is initially starting this new service by partnering with only a handful of news publishers.