Peoplesbank.com sold for $44K today on NameJet.com
The domain has a good amount of traffic according to Compete and Alexa and why not, its the name of a major publicly traded bank.
There is a trademark dated 2002 belonging to Peoples Bank, National Association Peoples Bancorp, Inc. of Ohio, on the term Peoples Bank, yet there are other banks in the US that incorporate the terms people and bank and are separate from the trademark holder, including People’s United Bank which uses the domain peoples.com and trades under the symbol of PBCT.
The trademark holder which trades under PEBO.
There seems to be other regional banks in the US that use Peoples Bank or People Bank in their name.
Like Peoples Bank & Trust Company and ThePeoplesBank.com
There is also the People’s Bank Of China.
So what do you think is it money well spent or did the buyer just buy a lawsuit?
168 bidders – 212 bids.
I see some well known domainers placed bids much higher than $ 69.
Isn’t that the same argument as being partially pregnant?
I assume it will go to UDRP.
And, if necessary, Federal court because the second highest
bidder was ‘trademarktr’. They probably figured it is better
to give the money to the lawyers rather than Namejet.
Depends on what they do with it. I suggest that they give me a call.
Identical trademarks can co-exist. As you pointed out there are a lot of businesses in the US or overseas that are using “peoples bank” in their names. So as long as the buyer was one of these actual pre-existing businesses (or another), it looks ok. If it is someone who puts up a parking page or a new bank, they may have just wasted 44k.
It looks like Daniel from Cyber2media that bought the name. With millions in investable money, this is chump change for him. Looks like this will be a very profitable parking page. It’s the same person that bought goodwill.com for over 50k and sold it to goodwill charity out of court.
Nice buy, its a quick way to get on the domainer of the year list, really.
“It looks like Daniel from Cyber2media that bought the name. With millions in investable money, this is chump change for him”
Brian cells might catch up one day too, this idiot bought goodwill.com only to put donation to non-profit ads.
http://pacer.mad.uscourts.gov/dc/cgi-bin/recentops.pl?filename=gorton/pdf/peoples%20pi.pdf
ICANN Chairman Peter Dengate Thrush announced at the recent IGF meatspace meetings that ICANN will be regulating Banking domains under a “gold standard”.
When asked if that was regulation or coordination, he dodged the question by saying there are different legal systems and words mean different things to different people in different systems.
He appeared to mainly be setting the stage for the meme (mantra) that Banking is Special on the Internet. ICANN is on top of it from the bottom of course.