The Los Angeles Times just posted an article covering the demise of the .mobi extension. The story covers the hard losses felt by domain investors who bought in to the hype behind the mobile domain extension. Rick Schwartz is quoted throughout the article.
The Times may be a little off in throwing out quotes like “But now a site can detect that a user is on a mobile device and automatically display in a cellphone-friendly format.” The reality is that this detection has always been available and was one of the main points that people didn’t “believe” in the extension.
This is nothing really new but mainstream coverage of the facts that .mobi hasn’t seen those high dollar prices of the past isn’t foreign to most domain investors. Mike Zapolin summed it up at the end of the article that .mobi domain investors are “just really hoping that somebody is going to be a bigger sucker than them.” OUCH !
Editors Note : Apparently this is a re-print of a story previously ran on the Miami Herald, as Mike Berkens had mentioned previously.
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