homer
Member

Registered: Jan 2000
Location: Twin Cities, MN
Posts: 1683 |
People don't pay $1M for domain names anymore. Both buyers and sellers realize that there just isn't that much value in them.
I'd guess it was well under 50k. Further more, this company sells a product...not an online service. It is more important for online services to have those boutique URLs more so than a company selling a product.
As more 'dot-coms' are collapsing due to bad business models and as more top-level domains are being added (albeit slowly), the market rate for domain names are dropping.
Of course, it is all speculation, isn't it?
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