Today in Tech: Amazon launches Cloud Reader

August 11, 2011: 7:00 AM ET

Fortune's curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day. 

* Smartphone maker HTC is investing $300 million in Beats Electronics, the same company that releases various Beats by Dr. Dre audio products. HTC reportedly plans to incorporate the technology into future handsets. (All Things D)

* Twitter is updating the social network with two new features. Replacing the "@Mentions" tab are two new ones: "@username" (your user name) and "Activity."  Like @Mentions did, @username will display when shows Twitter replies to you, but also include things like when someone follows you or when a user favorites your Tweets. Meanwhile, the Activity tab will show that type of information but for all the Twitter users you currently follow. (TechCrunch)

* Is patience with AOL (AOL) wearing thin? (The Wall Street Journal)

* U.S. antitrust regulators continue to look at Google (GOOG) and whether the Internet giant is giving its own products -- Google Places, Shopping results, and Google Finance -- preferential treatment over third-party offerings and also taking information from competitors and then pushing their services further down in Google search results. (The Wall Street Journal)

* Amazon (AMZNreleased its new Cloud Reader, an HTML5-based web app that lets users read and buy Kindle e-books via web browser. The move makes sense considering the company only just recently pulled the Kindle purchase feature from its apps for Apple's iOS. (Amazon and Wired)

* HP (HPQcut $100 off its TouchPad tablet, bringing the 16 gigabyte version to $399. (This is my next)

* Kids-focused daily deal site Zulily raised $43 million in funding at a whopping $700 million-plus valuation. (GeekWire)

* News Corp. (NWSA) lost $254 million on MySpace during its fourth quarter, before the ailing social network-turned-entertainment hub was sold off. (paidContent)

* From Google search to Netflix (NFLX) recommendations, 11 essential algorithms that make the Internet work. (Business Insider)

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About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

JP Mangalindan is a San Francisco-based writer at Fortune, covering Silicon Valley. Since joining in 2010, he has written on a wide array of topics, from the turnaround of eBay to the evolution of net neutrality. A graduate of Fordham University, Mangalindan has also written for GQ, Popular Science, and Entertainment Weekly.

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