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Travelzoo (Nasdaq: TZOO - News), a global Internet media company, today announced that it has purchased the Internet domain name fly.com for $1,760,000 in cash. Travelzoo intends to use this domain name for a new information Web site to be launched in February.
Blah blah price of LLL .com's falling blah blah the economy is bad blah blah
Quality should always sell well, and possibly even better in a recession. My thoughts are that a major recession impacts the much broader class of lower-value names and emerging TLDs because there just isn't as much discretionary money around and people fear taking risks.Blah blah price of LLL .com's falling blah blah the economy is bad blah blah
Quality should always sell well, and possibly even better in a recession. My thoughts are that a major recession impacts the much broader class of lower-value names and emerging TLDs because there just isn't as much discretionary money around and people fear taking risks.
But this also is an opportunity to stock up cheaply for a later upturn.
It's worth more than $1,7mill IMO. I'm sure BA, AA, Continental, Lufthansa, KLM or any other major airline company would pay more. Great buy though.
But, they didn't...
I'd be surprised if the owner hadn't offered it to all the world's major airlines - plus, maybe, corporate jet marketers, like Citation & Boeing - plus, maybe the larger travel operations, too. It seems the obvious thing to do.
I reckon getting $1.8m is a good effort.
.
But, they didn't...
I'd be surprised if the owner hadn't offered it to all the world's major airlines - plus, maybe, corporate jet marketers, like Citation & Boeing - plus, maybe the larger travel operations, too. It seems the obvious thing to do.
I reckon getting $1.8m is a good effort.
.
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