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I could swear that I've seen the Amazon Daily blog have links that will open up in the web browser, if you have wireless turned on, so that much, at least, must work.
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Yes, external links to websites will work fine on a Kindle. Hyperlinks from one mobi book to another mobi book are ignored/not allowed on the Kindle.
I believe it used to be possible on earlier Kindle firmware, but for whatever reason, Amazon has nixed it at some point along the way.