Business publications need to study the Domain Industry better before making “squatter” statements.
Leave it up to business journals to ruin the fun for everyone else, as far as domain name investing goes.
A new article on the Indian edition of Business Insider attempts to list the top domain sales over $1,000,000 dollars.
Citing DNJournal as its primary resource is hardly a surprise, but then the article, written by Alyson Shontell, goes on to state:
“Some have been squatted on for 20 years and have only recently traded hands.”
The “squatting” reference is definitely a display of ignorance by the article’s writer, who goes on to present a selected “slideshow” of domain sales above $1 million.
On slide #2, the article refers to the sale of eBet.com by Rick Schwartz, thus:
“A man named Rick registered eBet.com in 1996 and held onto it until last September when he agreed to sell the domain.“
Clearly an underwhelming presentation of what was a monumental investment and sale, but hardly a surprise from the pencil pushers of Business Insider.
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I read a nice domain article today for a change, http://www.businessinsider.com.au/why-10000-for-a-domain-name-is-still-cheap-2011-4