FakeNews.com sold for $65,000 at NamesCon back in January. The new owner is from Sweden and currently he has not decided what direction to take the site.
From the website:
The goal of this site is not decided yet, nor is the functionality. Any content so far is just a mock-up.
Many people come up with an idea of buying this domain. You are welcome to use the contact form, and we will gently tell you about more realistic projects.
What do you think would be the best idea for FakeNews.com?