One of the popular domain name registrars Name.com has been acquired by Demand Media, a public digital media company that owns the domain name and hosting giant eNom, which currently has over 13.5 million domain names registered. The acquisition was announced on Name.com’s blog, however, the terms of the deal have not been disclosed yet.
The company says that the acquisition is envisioned to expand its platform, and comes in preparation for the release of new Top Level Domains (TLDs) this year.
Richard Rosenblatt, chairman and CEO of Demand Media, said:
“Name.com will provide a direct channel for us to reach consumers and small businesses as they develop and manage their online identities. This becomes even more valuable as over one thousand new domain extensions are expected to become available for registration in the years ahead.”
Demand Media has currently applied for 26 new gTLD’s, and is a partner with Donuts Inc. in another 100 of its new gTLD applications. The company will retain the Denver-based team and the business will report to Taryn Naidu, executive vice president, Registrar Services. It also aims to “provide an end-to-end solution for all things domains — whether you are looking to consume or distribute names and services,” said Naidu.
Name.com was founded in 2003, and it said to have registered nearly 1.5 million domains till date, which will now add up with eNom’s current 13.5 million registered domains.
StreetFax.com is a domain which become famous because of the dispute between Facebook founder Mark Zuckerberg and Paul Ceglia over the ownership of Facebook. Ceglia claims that he owns 84% of Facebook thanks to the initial investment he made and contracts he signed with Mark before Facebook was officially launched.
It is being said that Mark Zuckerberg was initially hired to work on StreetFax.com database and other related programming but later on took money from Ceglia to work on Facebook, a site initially only targeted at Harvard university student. The owner of the site StreetFax, has now put up the famous domain on sale on domain flipping website Flippa.com.
The current bid on the site is for $5000, however, there are still 9 days and 21 hours more remaining for the auction to end. Considering the history of the domain it should definitely get some good bids in future.
The listing for the domain says:
I have for sale today the domain name StreetFax.com,Facebook FounderMark Zuckerberg was hired and worked on this site while he went to school at Harvard! Also, it is believed that the StreetFax.com code helped power Facebook’s original search features.
The domain is in the middle of a massive legal fight over ownership to 50% of Facebook, that’s $35 Billion dollars at stake!!
This is a piece of Internet history – history of a website, brand and possibly the largest court dispute in history!
This website has been featured in countless Global News and TV reports about the current lawsuit Zuckerburg (sic) Vs. Ceglia
If you are interested in buying this famous domain you can head over to Flippa and place your bid.
Update: There have been no bids for the site yet, but starting price is $5000.
ICANN, the non-profit organization tasked with the responsibility of managing the top-level domain name space, has voted overwhelmingly in favor of opening up top-level domains to established private or public organizations.
The right most label in a domain name, such as .com and .edu, is referred to as the top-level domain (TLD). Currently, there are 22 TLDs, along with about 250 country level domains. Under the new plan, any established organization that wishes to get its own TLD can do so for a sum of $185,000. Applications for the same will be accepted between 12 January 2012 and 12 April 2012.
“Today’s decision will usher in a new Internet age,” said Peter Dengate Thrush, Chairman of ICANN’s Board of Directors. “We have provided a platform for the next generation of creativity and inspiration”. ICANN believes that the new TLD system will enable organizations to change the way they brand their online presence. “ICANN has opened the Internet’s naming system to unleash the global human imagination. Today’s decision respects the rights of groups to create new Top Level Domains in any language or script. We hope this allows the domain name system to better serve all of mankind,” said Rod Beckstrom, President and Chief Executive Officer of ICANN.
Opening up of TLD will enable organizations to come up with shorter and more meaningful domain names. However, what it will also do is add a bewildering amount of complexity. Most of the users land on webpages through search engines and other websites; however, a significant number of them still rely on memory to directly key in the URL. Now users will have to memorize dozens of different TLDs along with the domain names. Moreover, most organizations will almost be compelled to get their own TLD due to their basic instinct to protect their brand name. Millions and billions of dollars will be spent by organizations on something that doesn’t really seem to be necessary. Only the future will tell if the new generic top-level domains (gTLDs) succeed in actually helping organizations or not. However, one thing is for certain. It will definitely help the domain name registrars and ICANN.
In a vote the ICANN (Internet Corporation for Assigned Names and Numbers) has approved the .xxx as a top level domain (TLD). You know those websites you visit but won’t admit to, will now most probably end with .xxx
While non-profit organizations are happy to have their websites end with .org, the adult industry isn’t as receptive. they believe this will be used to victimize them and believe this affects freedom of speech on the internet with the Free Speech Coalition director, Diane Duke saying, Worse, they have disregarded overwhelming outpouring of opposition from the adult entertainment industry â€” the supposed sponsorship community â€” dismissing the interests of free speech on the Internet.
it is reported that about 24 people showed up to protest against the passing of this domain during the ICANN’s San Francisco. If only they had PETA-like protesters, they might have gotten some attention. Neowin did report pornstars siding with the protesters though.
For the ICANN the vote was not unanimous either. the count was 9-3 with 4 abstaining. The .xxx domain has quite a bit of history dating back to 2007. The first vote for the domain level was against it. What followed were quite a bit of debates with one of the board members saying that passing this would encouraging censorship and would also mean that the board will go against the community recommendations.
Kink.com says that them moving to .xxx domains will cost them upto $100,000 per year.
If you have been waiting up till now head over to your domain registrar and register your domains before you have to pay the extra price.
If you are a GoDaddy customer or are looking to purchase a new domain, you can use the discount code gda652a to get a 30% discount on registrations and renewals of domains. The discount will only be available till midnight on 30 June.
.Com and .Net form a bulk of the registered and active domains on the Internet. However, if you have either a .com or .net domain or are planning to buy one after July 1st, you will have to pay an extra 7% on .com domains and extra 10% on .net domains.
In a recent newsletter sent by GoDaddy, they have stated that VeriSign, the registry for .COM and .NET domains will increase the prices as stated above, this price increase will then be passed on to users by registrars like GoDaddy.
The increase will also be applied when you renew .com or .net domains. Right now, .com domains can be purchased for around 10$, this might go up to 11$ or 12$ starting July 1st 2010.
However, users can renew or register their domains before July 1st and continue paying the old rates. If you are a GoDaddy user, use the discount coupon "gda334c" to get a 30% discount on your new domain purchase or current domain renewal till April 25th 2010.
People who have sold/bought domain names know that there is a huge market out there for premium names and it does not get more premium than Sex.com. Reportedly, one of the most wanted domain names is going up for sale again through an auction on March 10, 2010 at the law office of Windels Marx Lane & Mittendorf, LLP. The law firm is acting as an escrow agent for the deal and would require a certified check of $1 Million from anybody planning to bid for the domain.
Previously, sex.com was sold for $14 Million back in 2006 to ESCOM LLC. As the current notice of auction states, the domain is being sold by DOM Partners LLC after ESCOM LLC (the borrower) failed to repay the amount borrowed from DOM Partners. The domain name sex.com was the collateral that ESCOM LLC used to borrow money and the lender is now selling it to recover their money. The complete notice of sale can be read here.
With Internet companies also being affected by the recession, will Sex.com fetch at least what it cost the last buyer? According to Compete the site receives a total of 120,000 unique visits each month so its easy to assume that the site is not making the kind of money that would justify a $14 Million selling price. However, it is also one of the most wanted properties on the web and there is a chance the new buyer might be able to turn it around. Previously, Toys.com was sold for $5.1 Million and Candy.com sold for $3 Million. What do you think, are these premium domain names really worth millions of dollars or are they seriously over valued?