Domain investor Brian Wick has sold the domain name, Minus.com for $115,000. Brian said he acquired the domain in January 2007 at a Network Solution pre-drop auction for $8,100. So basically a 15x return in just 4 years, in a horrible economy. The buyer according to Mr. Wick is the buyer is a "math educational non-profit startup" but the whois record has the domain under privacy. In … [Read more...]
Archives for June 2011
The Next Big Battle For Online Business; Sales Tax; California Becomes Latest State To Tax Online Sales & Amazon Cuts Affiliates Off
According to the Los Angeles Times a new California state law will require large out-of-state retailers like Amazon to collect sales taxes on purchases that their California customers make online." In response, Amazon and Overstock.com plan to cease paying commissions to California Internet marketing affiliates for referrals. "About 25,000 affiliates live in California, especially larger … [Read more...]
Now That Justin Timberlake Is Part Owner Of MySpace.com What Does That Mean For .Music
.Music is expected to be one of the most sort after new gTLD's with mulitple applicants already having come forward. So now that Justin Timberlake is part of the group that bought MySpace.com for $35 Million dollars and the new owners seem to be gearing the site towards all things music, what effect will today's purchase on the new gTLD .Music? The Sydney Morning Herald writes … [Read more...]
Full Tilt Poker License Is Suspended & Ordered To Suspend All Operations Worldwide
According to PokerNews.com, The Alderney Gambling Control Commission (AGCC) the jurisdiction under which Full Tilt Poker is licensed under, suspended the license of Full Tilt Poker today and ordered it to suspend all operations, which resulted shortly thereafter in all games on Full Tilt worldwide to come to a sudden halt. The AGCC released the following statement on the matter: "Alderney … [Read more...]
Breaking: MySpace.com Bought For $580 In Million in 2005, Sold Today For Between $30-$40 Million
According to the Wall Street Journal News Corp. which bought MySpace.com for $580 Million in 2005, has just sold it to Specific Media, in a deal valuing the site between $30 million and $40 million, with News Corp. retaining a small stake. According to the Journal, Specific Media helps marketers buy digital ads across the Web, online video, mobile and TV. The company was founded in 1999 is … [Read more...]
Sedo.com Clarifies The Sale Of WellnessFinder.com Sold For 300,000 Euro’s; But It Was A Site Not A Domain
As previously reported the Sedo.com the brokered the sale of WellnessFinder.com for 300,000 euro's Sedo.com own site as late as today was still showing the sale at 150,000 Euro's. Last week I wrote about the domain selling for 150,000 Euro's but when the weekly Sedo report came out the other day the price was listed as 300,000 Euro's So I reached out to Sedo.com who clarified that the … [Read more...]
Lens.com Fights Back Trademark Infringement Charges & Files Suit Against 1800Contacts Over Keyword Advertising
According to MediaPost.com, Lens.com filed suit against 1800Contacts alleging they are violating antitrust laws and engaging in "vexatious and sham" litigation by suing 15 competitors over their paid search campaigns. This an interesting case as 1800contacts has been according to the suit suing and threating competitors who buy keyword advertising under their trademark, a practice courts have … [Read more...]