New .mobi domain is controversial but growing

There's a new domain in town: .mobi, and it's being sold by Ireland's Mobile Top Level Domain Ltd. as approved by ICANN. They already sold 88,000 domains in the first two days, officials said. There are many questions about whether the domains are or will be gobbled by cybersquaters, and whether a .mobi domain can do anything that a .com can't. But MTLD says its sites are easier to format for mobile devices. (MTLD's site is not easy to find; it's http://pc.mtld.mobi.)

For more on domains:
- read this BusinessWeek article