Facebook has launched a stripped-down version of its app aimed at the huge potential user base in emerging markets, NBC News reported. Facebook Lite is designed to load quickly in areas with slow mobile internet connection. The new app takes less than 1 megabyte of storage space on a phone -- substantially less than the standard app, which uses up around 25MB of storage. Users will be able to do simple tasks such as post status updates and pictures, get notifications and scroll through their newsfeed. Viewing video will not be possible, however, as it requires too much data.