Man Gets $2.6 Million For Pizza.com Domain Name

[Kor37 9]

Man Gets $2.6 Million for Pizza.com Domain Name

Posted Apr 7th 2008 2:05PM by Peter Mychalcewycz

Filed under: Computers

 

There are easy ways to make loads of money. We swear. All you have to do is go back in time and buy up a bunch of domain names and then auction them off, well, now. Simple right?

 

A U.S. man just sold the domain name pizza.com for $2.6 million to an anonymous buyer.

 

Chris Clark, of North Potomac, Maryland, registered the domain name in 1994. He had originally hoped that the domain name would secure a contract with a pizza company for his consulting company. Surprisingly, it didn't work out, so he sold his businesses, but maintained the domain name for $20 a year. Now his forethought is being rewarded in a huge, huge way.

 

Clark got the idea after the domain name vodka.com sold for $3 million. He opened the auction on March 27th. After an initial bid of $100, the price jumped to $2.6 million a few weeks later. In a post-sale interiew, Clark expressed regret for not having purchased more domain names while the internet was still young.

 

Buddy, you and us both.

 

Can we all say.........Ka-ching!... :lol:

[SeeingEyeBorg 0]

*Sigh*

 

Who has that kind of money to throw away on a freakin' domain name? I mean, people are starving all over the planet and someone spends money on this.

[youbroughtheryouRiker 2]

Furthermore, how was this not considered cybersquatting? Or did this happen before the legislation was passed? Still, renewing the domain name each time would not be post de facto.