Is Enron back?
Not really, but the domain Enron.com has been resurrected from the dead, after an apparent sale that took place on Epik’s marketplace.
Registered in 1995, the domain Enron.com appears to have changed hands in 2023, following the acquisition of the ENRON trademark for $275 dollars in 2020.
If you’re born in the 2000’s, here’s a synopsis about Enron’s scandalous history:
Enron was founded in 1985 through the merger of Houston Natural Gas and InterNorth, quickly rising to become a global energy powerhouse. Known for its innovative approach to energy trading and market speculation, Enron shifted from traditional energy production to complex financial products. By the late 1990s, the company was using special purpose entities (SPEs) to hide debt and inflate profits, creating an illusion of financial strength that attracted investors and drove its stock price sky-high.
In 2001, investigative journalism and whistleblowers revealed Enron’s deceptive accounting practices. The company’s stock collapsed from over $90 to less than $1, leading to its bankruptcy on December 2, 2001. Enron’s downfall remains one of the most infamous cases of corporate fraud in U.S. history.
The new operators are using this negative past of Enron to launch merchandise with the ENRON brand, while mocking the company’s sinful past with a series of parody posts on X.
The domain name Enron.com appears to have been acquired by someone, perhaps an investor, in 2009 or thereabouts following the bankruptcy auction of the defunct company’s IP assets.
Would you buy an Enron hat? They are cooler than X or MAGA! 🙂
Copyright © 2024 DomainGang.com · All Rights Reserved.
