Facebook set to help users transfer money, track breaking news tags

Facebook has developed two new features yet to be tested: 'red envelope', to help users pay money, and a 'breaking news' tag, for publishers and news agencies. Facebook may soon start testing two features – ‘red envelope’ that would enable users send money to others from the platform, and a ‘breaking news’ tag that publishers can use to make people aware of the latest happenings around them. The two new features, which are not officially under testing mode yet, were first spotted by Matt Navarra, director of social media at the online publication The Next Web. According to Recode, Facebook confirmed that the ‘breaking news’ tag was for a future test, but declined to share more details. Recode said that the social media giant, however, neither gave information about “red envelope” feature, nor denied its existence. “Facebook is always testing new product experiences but there’s nothing specific to talk about at this time,” a Facebook representative was ...