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 Apple iTunes Store was launched with 200,000 songs. In the first week itself, almost a half of that number were purchased - total 1 million song downloads. The music store was launched on 28th April 2003, and each song was sold for 99 cents. [more...]