$164 Million For Typo Squatters?
from the scary dept
This is scary if true, but Slashdot reports that an online marketing firm has paid $164 million for a typo squatting company that owns 100,000 domains chock full of advertising. Not only that, but the vast majority of the deal was in cash. The company in question registers tons of typo domains, generic domains and also snaps up domains that expire in the hopes of catching excess traffic. 1998 must be jealous. This is a bubble era style deal if there ever was one.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
