Facebook paid USD $8.5 million to acquire the Internet address ‘fb.com’ — from American Farm Bureau Federation — for internal use by its employees.
— Reuters
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There was a time when cybersquatting was considered to the way to get rich on the back of the big corporations. They carefully sidestepped the process and use alternate domains because they had the marketing budget to promote the alternate.
This is a rare win in the domain sales “game” for a domain only sale.
Thanks for your comment … No doubt this sale will form part of someone’s Powerpoint sales pitch for a get-rich-through-the-internet scheme … if it hasn’t already!