The tool called Signal, helps journalists find, source, and embed content from 1.5 billion Facebook users and Instagram's 300 million users for storytelling and reporting.
The tool will be free for journalists.
"We've heard from journalists that they want an easy way to make Facebook a more vital part of their newsgathering with the ability to surface relevant trends, photos, videos, and posts on Facebook and Instagram for use in their storytelling and reporting," Andy Mitchell, director of media partnerships at Facebook wrote in a blog post.
Journalist currently use Twitter to track breaking news and they also use it as a platform to share and re-distribute their work.
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But Facebook has been trying to challenge Twitter by offering journalists and media outlets a range of tools and services for finding and distributing their content.
This launch comes a week after Facebook made its 'Mentions' app available to journalists with verified profiles.
That app, which lets users track mentions of themselves and stream live video, was previously only for public figures like athletes and actors.
'Signal' is simply the newest of Facebook's efforts to intertwine itself with the journalist and media publications which have discovered success attracting an enormous viewers by way of the social community.
The group of tools will give journalists a behind-the-scenes look at what is trending on Facebook and find more on those topics.