Facebook Introduces Timeline For iPhone Users

Facebook has updated its iPhone app with a new "Timeline" feature. With version 4.1, via CNET News, mobile users get access to friends lists, subscribers and subscriptions. Additionally, they will be able to more easily upload, peruse and comment on photos.

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Timeline is a chronicle of individual Facebook users' updates since activating their accounts; the feature, a digital scrapbook of sorts, was previously added to internet browsers and Android phones last Thursday. On the docket: an update for iPad.

According to CNET, Android has overtaken the iPhone in mobile Facebook usage, with the former averaging 58.3 million daily users to Apple's 57.4 million.

STORY: Facebook Eyes $100 Billion Value in IPO by Mid-2012

THR reported last week that Mark Zuckerberg's social network more than doubled its profit in 2011, bringing its assets to $6.5 billion. The company also reportedly has $3.5 billion in cash or cash equivalent, no debt and an operating cashflow of $1 billion. (According to reports, Facebook is also prepared to go public in the spring of 2012, which could value the company at more than $100 billion.)