VirtualWorld.ca
The Winklevoss twins, famous to anyone who has seen the Social Network (Facebook) movie, have abandonned their lawsuit against the social networking giant.
Thursday, June 23, 2011
Social.com domain name sells for $2.6 Million
VirtualWorld.ca
The price of virtual real estate keeps going up!
News came out this past week that the domain name Social.com has been sold for $2.6 million dollars.
This domain name had been put in auction recently with an asking price of $5 million and a starting price of $2.5 million. During the auction the domain received an offer for $2.5 million but no higher, and didn't meet reserve. After the auction closed without selling, the prospective buyer made a further offer of $2.6 million and the domain owner accepted.
The person who owned the domain was the original registrant since 1995. At that time it was free to register a domain name. He only had to wait 16 years and one domain name has made him a millionaire!
Still no word on what Social.com will be used for, but with the popularity of social media and social networking, it will probably be related to something like that.
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The price of virtual real estate keeps going up!
News came out this past week that the domain name Social.com has been sold for $2.6 million dollars.
This domain name had been put in auction recently with an asking price of $5 million and a starting price of $2.5 million. During the auction the domain received an offer for $2.5 million but no higher, and didn't meet reserve. After the auction closed without selling, the prospective buyer made a further offer of $2.6 million and the domain owner accepted.
The person who owned the domain was the original registrant since 1995. At that time it was free to register a domain name. He only had to wait 16 years and one domain name has made him a millionaire!
Still no word on what Social.com will be used for, but with the popularity of social media and social networking, it will probably be related to something like that.
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Tuesday, June 7, 2011
Virtual Coupons Lead to $4 Billion
VirtualWorld.ca
Who ever knew that an investment in virtual coupons could return so well?
Eric Lefkofsky's initial investment in Groupon was a cool $1 million back in 2008. At the current IPO price range, this investment could end up being worth in the $4 billion range now.
The virtual world continues to grow and this is just one more area that seems set to boom.
To read more about Eric Lefkofsky and Groupon, click the link below.
http://finance.yahoo.com/career-work/article/112867/how-to-earn-4-billion-on-coupons-wsj
Who ever knew that an investment in virtual coupons could return so well?
Eric Lefkofsky's initial investment in Groupon was a cool $1 million back in 2008. At the current IPO price range, this investment could end up being worth in the $4 billion range now.
The virtual world continues to grow and this is just one more area that seems set to boom.
To read more about Eric Lefkofsky and Groupon, click the link below.
http://finance.yahoo.com/career-work/article/112867/how-to-earn-4-billion-on-coupons-wsj
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