AUSTRALIA - A South Australian woman narrowly avoided a complete financial disaster after falling victim to a sophisticated business email compromise (BEC) scam that led to the loss of over $800,000. Authorities have since managed to recover a significant portion of the stolen funds, shedding light on the growing threat of cyber fraud in real estate transactions. The victim, who had been in the process of purchasing a property, received what appeared to be a legitimate … [Read more...]
Shopify Snaps Up Pair of Country Code Top Level Domains for Over $500,000
OTTAWA, CA - Shopify Inc., Canada's leading technology company, has acquired the domain names Shop.ca and Shop.us from Toronto-based EMERGE Commerce Ltd. for approximately $500,000. These domains now redirect to Shopify's Shop App website, a marketplace designed as a "digital shopping assistant" that allows users to search for products and brands, make purchases, and track shipments. The original Shop.ca launched in 2011, positioning itself as "Canada’s largest online … [Read more...]
Domain Registrar, Site Builder Squarespace Purchased by Permira for $6.9 Billion
NEW YORK, NY - Private-equity firm Permira has entered into a deal with Squarespace to acquire the website-building platform and domain host/registrar in an all-cash deal valued at $6.9 billion, according to an announcement made this week by both companies. The deal involves Permira paying approximately a 30 percent premium to Squarespace’s unaffected share price, which comes to $44 a share in cash; as a part of the transaction, the publicly-traded web company – … [Read more...]
Google Now Displays Wallet Balances for Ethereum Name Services (ENS) Domains
MOUNTAIN VIEW, CA - Google has recently integrated native support for wallet balances of Ethereum Name Services (ENS) domains in its search results, a move that should simplify the process of sending and receiving funds on the part of cryptocurrency holders by substituting standard – and, thus, easier to remember – domain names in the place of the complicated wallet addresses commonly associated with blockchain-specific domains. ENS translates computer identifiers into … [Read more...]
Two Letter ngTLD “My.Life” Said To Be Sold for Whopping $175k, Buyer Unconfirmed
PALM BEACH, FL – According to several reports, the 2 letter gTLD “My.Life” has been sold in a transaction valued at $175,000.00 (according to the registry), with $100,000.00 paid up front in cash, and $75,000.00 to be paid by the end of the year. The sale was confirmed by a tweet from the Donuts Twitter account and by Elliot Silver who reached out to Matt Overman, Senior VP of Sales at Donuts. The buyer of the unusually short domain asset is believed to be Meredith … [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...]
Call for Donuts to Release Proof of Original “Record Breaking” gTLD Sale in Late 2017
NEW YORK – With another ‘out of the ordinary’ new Generic Domain Name sale publicly announced by Donuts Inc. for Vacation.Rentals (reportedly acquired for $500,300.00 in an all-cash deal) this becomes their second earth-shattering alternative-dot transaction in the last twelve months of which many will agree, appears to be sent straight from the heavens above. In fact, all of their employees should vacate the Kirkland, Washington premises immediately and purchase lottery … [Read more...]
Does the Domain Industry Suffer From Own Versions of Trumpted “Fake News” Stories?
NEW YORK, NY – You may have heard the news that a tremendous transaction recently took place. According to TNT Names, Donuts recently sold www.home.loans for $500,000.00. Wow, I missed the boat for sure. I just let Find.cars drop, crash and burn and lost $10,000.00 to count my chips and walk-away. I probably could have sold it for half-a-million dollars in CASH, or could I? What a mistake that was. Or was it? Considering the fact that this deal reflects the largest … [Read more...]
“ShoeBuy” Becomes “Shoes” – Walmart Maximizes Domain Acquired in $9M Deal
NEW YORK, NY - Back in April I wrote about the “Category Killer Domain” Shoes.com which was acquired in a $9M transaction by Wal-Mart Stores, Inc. Today, it looks like that investment is being put into good-use by retail giant Wal-Mart. The transaction began in late March of this year and by April 29th 2017, according to the Archive.org website, ShowBuy.com began redirecting to Shoes.com ShoeBuy.com (according to the Archive.org April 29th 2017) Shoes.com … [Read more...]
Category Killer Domain Shoes.com Acquired in $9M Transaction by Wal-Mart Stores, Inc.
NEW YORK, NY - According to domain name industry news publication DNJournal.com, Wal-Mart Stores, Inc., owned subsidiary ShoeBuy, has acquired the Internet domain name Shoes.com in a $9,000,000.00 transaction which included the domain name from a bankruptcy of now defunct operator “Shoes.com Technologies”. A spokesperson for ShoeBuy told Footwear News that the move was part of the company’s larger digital goals. We plan to maximize Shoes.com as the gold standard of category … [Read more...]
Just Another ‘Go-Nowhere’ Transaction at GoDaddy’s Aftermarket for Domains; WTF?
NEW YORK, NY - Let me begin by saying I am a big fan of GoDaddy.com and have been doing business with them since I began working on the Internet. I’m also a Wild West Domains reseller and believe it or not, I may not have even found this fantastic industry if it were not for Godaddy’s “Website Tonight” product which is now called “Website Builder” as it resulted in me building my very first website. In my opinion, GoDaddy.com is one of the best registrars for domains and I … [Read more...]