SAN FRANCISCO, CA - It was revealed this week that “chat.com” was purchased by San Francisco, California-based artificial intelligence (AI) research organization OpenAI for over $15 million, marking the third time the domain has changed hands in just two years. HubSpot founder Dharmesh Shah originally purchased Chat.com last year for $15.5 million; he then flipped it for an unspecified amount reported to be “well over $15 million” – with the entrepreneur writing at the … [Read more...]
Lawsuit Alleges GoDaddy “Stole” Domain Name Two Months After Purchase
TEMPE, AZ - A lawsuit filed by Sweden-based Crisby Studio AB alleges that the biggest Internet registrar in the world, GoDaddy, “wrongfully took possession of” a domain name, two months after it had been successfully purchased by the company earlier this year. Crisby Studio AB, a Swedish limited liability company, and Niklas Thorin, a Swedish resident Plaintiffs, v. GoDaddy, Inc., a Delaware corporation, GoDaddy.com, LLC, a Delaware corporation, … [Read more...]
FIASCO: Multiple Squarespace Domains Hijacked After Security Loophole Exploited
NEW YORK, NY - Last week, multiple organizations with domains registered with Squarespace had their websites hijacked by hackers, with most of the instances primarily targeting cryptocurrency-based businesses, such as Celer Network, Compound Finance, Pendle Finance, and Unstoppable Domains. The hijacks took place between July 9 and July 12, and involved Google Domains assets; Squarespace had purchased the Google Domains service in June 2023 – along with approximately 10 … [Read more...]
Buyer of Record-Breaking Domain Sale, “Voice.com”, Ordered to Pay $24M SEC Fine
PALM BEACH, FL – On May 30, 2019, the domain name “Voice.com” was sold in a record-breaking all-cash transaction that has officially gone down in the history books as the highest valued domain name sale ever on record when Blockchain company “Block.one” purchased the .com web address from MicroStrategy Incorporated (Nasdaq: MSTR) for $30,000,000.00. The sale lit-up the domain industry when it was announced in June of this year in a MicroStrategy press release. Domain … [Read more...]
Web Address Sells for $30 Million in Cash; Represents ‘Extraordinary’ Investment
PALM BEACH – A company which many ordinary people (non-industry) have probably never heard of called “MicroStrategy Incorporated” has announced it has sold an Internet web address, Voice.com for $30,000,000.00 in cash. As you can see, that’s a lot of zero’s in that number and represents what many who invest and trade in Internet domain names likely find so exhilarating about it. For those who are not that savvy when it comes to Internet domain names, this a “website … [Read more...]
My Single Long Tail, Exact Match Domain Name Grab at NamesCon Global 2019
NEW YORK, NY – This year I purchased just one Internet domain name at NamesCon, and although a little long in length, I feel it’s a good match and good domain name that reflects exactly what my business does, so this name I acquired as an “end user”. I also purchased it at a very good price – Just $800 measly dollars; for that little I couldn't see not grabbing it. The domain name is InternetMarketingServices.com, which reflects exactly what my newer spin-off business … [Read more...]
Domain Name Biz Uniregistry Scores on Domain Name “DomainNames.com”
NEW YORK - A few weeks ago at NamesCon Global 2019 one of the industry’s best domain names, in my opinion, was acquired by Uniregistry, the brainchild of founder Frank Schilling, who operates the company from its Cayman Islands headquarters. As many in the domain industry were, Schilling was in attendance and won the highest bid on DomainNames.com for $370,000, one of the largest sales in the live auction. The remainder of domains which were not sold at the live event, … [Read more...]