I have seen people register .co domains I would need even register in .com
99 percent of all sales that I thought were frauds during the past five years turned out to be frauds. The other one percent there wasn't proof. I am talkng mainly about the big money frauds like sportsbook.mobi and now we get to read about Overstock.com buying o.co for 350K....... I guess I have to believe that this is a totally arms length transaction. It is more believable than most, and it is very consistent with most frauds. Part of the scam is to entice other companies to play along and think they are missing out, so they brought in Overstock.com to do some of the dirty work. Who knows how it all played out...don't really want to know.
They are part of the holdings of DomainMarket.com, which is owned by big domainer Mike Mann. Pick any top keyword, he basically owns it.
Business.co
CreditCards.co
Health.co
Fitness.co
Oil.co
News.co
Health.co
Advertising.co
Gold.co
Bank.co
Boats.co
Cameras.co
Doctors.co
Movies.co
Computers.co
Clothing.co
Men.co
Women.co
And many more...
I am not sure exactly how they were acquired, but they all were acquired months before the launch it looks like from the whois.
39,000 domains, including all the top generics, were long gone when the registration started for normal people. Everyone is fighting for scraps at this point IMO.
Brad
I find it interesting that "DM" got that big list of all the top names, yeah I am sure that was all done on the up & up. :lol:
I already said I'm not a fan of the extension.
"The deal is a marketing deal."
Of course. It's just your basic marketing 101 type stuff. I don't see what's to be surprised about.
From my past experience, to boost up awareness of cctld, the registries give away domains so that they can say coke bought coke.co and so on. This happens alot in this industry.
-=DCG=-
WDD, don't trust if you must. Overstock.com owns a trademark for "O". It's not news. The .CO is a new registry with a competent PR company running the show. Nothing wrong with that. You seem to question the amount even - "why is it $350k and not $300k" - perhaps $50k is the broker's commission, or maybe $25k is for stripper lapdances and $25k for the caviar and champagne at the reception party![]()
....it is just not a true domain sale. Does anyoone think that the .co registry wouldn't take 300K for that name?
Though it is not part of my argument, I would guess 350K was never paid from Overstock to the registry. If by chance it was, then there are kickbacks coming and or their is another form of partnership.
WDD - the New York Post is waiting for your scoop.
Ok so your beef is large sales in general. Then you'd have a blast every week with DNJournal's sales.
Perhaps you don't understand how large corporations manage transactions. Escrow? Try in-house lawyers and direct banking.
But I will ask you this: if the O.co sale were not legitimate as you claim, why stop at $350,000 as the price announced?
They could easily say $1,000,000. No wait, make that $5 million.
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