Late today, we received a notice from NameJet.com, basically saying that what happened at Snapnames.com could not happen at NameJet.com """At NameJet we have the necessary security protocols in place to prevent this kind of incident.""" ""We have security procedures and policies in place that monitor all activities to ensure that “shill” bidding does not occur. "" All of the domain … [Read more...]
TechCrunch.com Crunches Snapnames.com Calling The Domain Business “Dirty”
Michael Arrington, wrote the story for TechCrunch on the Snapnames.com bidding scandal and the opening paragraph should give you an idea of how the rest of the story reads: ""Anyone who doesn’t know how dirty the domain name business is, just doesn’t know the domain name business."" Mr. Arrington says he a consultant to Pool.com years ago when he says it was pulling in over $1 Million … [Read more...]
Can Oversee Get Some Of The Money They Paid For Snapnames.com Back?
It was in May 2007 that Oversee bought Snapnames.com for tens of millons of dollars. Shortly thereafter, Network Solutions its largest registrar partner used the escape clause in their contract with Snapnames.com to pull out of their agreement. Now it appears that the former employee of Snapnames engaged in shill bidding was also a shareholder of the company that sold Snapnames.com to … [Read more...]
Oversee Uncovers Huge Inside Bidding Scheme At SnapNames.com & Will Offer Refunds
In a huge breaking story for the industry that will continue to unfold over the next hours and days, Oversee.net the parent company of SnapNames.com, recently discovered that a now former employee has been shill bidding on Snapnames.com auctions in violation of the company's policy for many years. This employee who was not identified by name, but is described as a long time employee of … [Read more...]
The TRAFFIC NY Show Where Dreams Came True
On a personal note, I want to thank everyone in the domainer community for honoring me with the Domainer of the Year and the Domain Hall of Fame Awards. I’m quite humbled by your support and greatly appreciate the honor. I was actually shocked to win, so surprised that I could barely put two words together, but at least I got to thank my Wife Judi who has been by my side for 22 years, and Adam … [Read more...]
Injury KO’s Monte Cahn From TRAFFIC Auction
As the TRAFFIC show sets to open tonight in New York there will be a very familiar face missing. Monte Cahn, for most the face of Moniker.com is sidelined rehabbing a very serious injury to his Achilles tendon which he has been struggling with for several months. Monte is certainly going to be missed and personally its hard for me to imagine a Moniker auction without him. Victor Pitts … [Read more...]
SnapNames Affiliate Program Changes To Pay You Less, Like 75% Less
Snapnames sent out a notice several days ago, announcing a fundamental change in its affiliate program which means only one thing, less money for affiliates. Under the current program, if a customer clicks on an affiliate link, a cookie is set on that customers computer, and the affiliate receives a 20% commission on every sold domain’s net proceeds (e.g. the margin) for 90 days, unless that … [Read more...]