Browser bookmark synchronization tool Xmarks has announced that they will be closing down their popular service in the next 90 days. Todd Agulnick, Co-Founder and CTO, explains:
With the emergence of competent sync features built in to Mozilla Firefox and Google Chrome, it’s hard to see users paying for a service that they can now get for free. For four years we have offered the synchronization service for no charge, predicated on the hypothesis that a business model would emerge to support the free service. With that investment thesis thwarted, there is no way to pay expenses, primarily salary and hosting costs. Without the resources to keep the service going, we must shut it down.
Xmarks, formerly Foxmarks, began offering free bookmark synchronization for the Firefox web browser in early 2006 before later expanding to support additional browsers, taking its new name in 2009. Fare-thee-well Xmarks, thank you for your service.