Monday, September 29, 2008

Cybersquatters

There's nothing Crisis Lounge regulars like better than a new take on the financial meltdown...

So called cybersquatters are registering domain names for many of the merging banks.

Lloydstsbhbos.com has been snapped up, and the domain bankofmerril.com is already attracting £1,000 on eBay.

Domain names are big money - at a recent auction huge sums were paid for the new .mobi extension. For example flowers.mobi sold for €200,000 while fun.mobi fetched €100,000.

But as far as making money out of domain names goes, the champion must be Chris Clark who sold the name pizza.com for over $2.6 million in April having bought it fourteen years ago for only $20.

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