Is This NOKIA's OVI Share End Of Life?

Nokia has announced that they will end investments in media sharing site

HELSINKI, May 12 (Reuters) - Nokia said on Tuesday it would halt investment in its first major Internet service push, a media sharing site, as part of the top cellphone maker's revamp of its services strategy.

"Ovi Share ... is planned to be maintained in its current state," a spokesman for the company said, adding Nokia would keep the service up and running.

Nokia built the service -- seen as one of the cornerstones of its services strategy -- on the acquisition of U.S. firm Twango in 2007, and opened it to the public at the Mobile World Congress trade show in February 2008.

Nokia has not unveiled usage numbers, but analysts say these have stayed low due to heavy rivalry from already established sharing sites as Flickr or Facebook.

Source: REUTERS
(Reporting by Tarmo Virki; Editing by Dan Lalor).