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When it debuted nearly two years ago, Oyster was poised to bring monthly subscriber streaming — a la Netflix — to the literary set. But today the startup announced that it will be sunsetting its subscription service within the next several months. In the blog post announcing the decision, the company focused particularly on its mobile device reading technology (including reading feature Lumin) and hardware: As we continue on, we couldn’t be more excited about the future of ebooks and mobile reading. We believe more than ever that the phone will be the primary reading device globally over the next…

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