VirtualWorld.ca
The price of virtual real estate keeps going up!
Last year it was learned that Facebook had acquired the domain name FB.com from the American Farm Bureau Federation. What wasn't disclosed at the time was how much Facebook had to pay to get it.
Today a report from Reuters came out that:
“At their annual meeting in Atlanta, Farm Bureau officials on Tuesday said the organization earned $8.5 million by selling a couple of domain names but is barred from identifying the buyer.”
If you put two and two together, we now know what happened in the FB.com sale. It looks like this was uncovered at Tech Crunch.
http://techcrunch.com/2011/01/11/facebook-paid-farm-bureau-8-5-million-to-acquire-fb-com/
Facebook also owns the domain FB.me, which it uses for a url forwarding/shortening service. The price of good domain names keeps going up, because virtual real estate is becoming more in demand.
If you had owned FB.com and Facebook came calling, how much would you have asked?
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