Scribd Launches New App for Reading Online News

Pitches need for yet another format

San Francisco startup Scribd seems to have built a thriving Web publishing site, where people and companies can share everything from individual documents to e-books, which the company says is visited by 75 million readers every month. But Scribd is now adding a second option for online reading with an application called Float that it's releasing today for the iPhone and the Web.

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