Out of the news yesterday, of the first ever arrest of a person for domain theft, came this gem from the LATimes.com:
“”In a strange series of events befitting the shady world of domain name speculation, New Jersey state police arrested a man on suspicion of stealing the rights to p2p.com and selling them to Los Angeles Clipper forward Mark Madsen””
I’m not going to rehash the story of crime itself, as other sources did an excellent job in covering the story.
What I do want to talk about is the LA Times, which took this opportunity to jump on the businesses of domaining, calling it shady and insinuating that the victims of this crime somehow deserved to get their property stolen, just by virtue of being in this business.
Furthermore, check out how the LA Times sums up the business of domaining:
An “odd subculture of people who buy domain names like beer.com and yeti.tv, hoping to resell them down the road at awesome profit”.
“Awesome profit” how old is the person who wrote this story, 15?
Really shocking, especially coming out of Los Angeles, where some major corporate domain companies reside, including Oversee and Trafficz.
As the DNJournal Reported, Lawrence Ng and Oversee has recently received prestigious awards in Los Angeles:
Lawrence Ng received the “Ernst & Young’s prestigious Entrepreneur of the Year Award in the Technology category for Greater Los Angeles” in 2008
In 2007, “the Technology Council of Southern California honored Oversee with its Internet and New Media Company of the Year Award and the Los Angeles Business Journal said that Oversee was the year’s third fastest growing private company in Los Angeles in any category.“”
How can a company receive such accolades in a city whose major newspaper turns around and call the business ‘Shady”
No wonder newspapers are dying.