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“.
The world's first free web-based email service, Hotmail, was launched on July 4, 1996. The date was chosen carefully as it signified "freedom" from ISP based email service - July 4 being the United States independence day. [more...]