In one of the largest domain name sales, business.com was sold by Marc Ostrofsky for $7.5 Million. Ostrofsky had originally purchased the domain name for $150K.
After a few years (2007), the web site as well as the domain name was bought by RH Donnelley for $350 Million! Domainer Marc Ostrofsky is also famous for having coined the phrase “Domain Names are Internet Real Estate“.
In 1999, Time magazine named Jeff Bezos, the founder of Amazon.com, the Person of the Year. Founded in 1994, the company made profit for the first time in the last quarter of 2001. This means Bezos got the honour when his company was still making a loss! [more...]