Sunday, 30 September 2012

Facebook's new Domain bought for $8.5 million

 Quite a bit, if you ask Facebook, which paid $8.5 million for the domain name, purchased last year from the American Farm Bureau. Mashable reports:

How much money did Facebook fork over when it acquired last year? A cool $8.5 million, more than 42 times the amount the company originally paid for
Facebook acquired the domain sometime last year from the American Farm Bureau Federation, which uses as its primary domain. At its annual meeting in Atlanta, the non-profit revealed that it earned $8.5 million on the sale of, according to Reuters.
The last high-profile domain purchase by Facebook was for, all the way back when it was known as TheFacebook. The company paid $200,000 in August 2005 to acquire the domain, 42.5 times less than what Facebook spent to acquire While the purchase was expensive for the company back then, it’s an investment that has clearly paid off. Clearly the company’s hoping that will fall in the same camp.
I bet that whoever owns,,, and any other variation (or bastardization) of the name is chomping at the bit for a Facebook offer. In any case, it’s a good move for Facebook, which I’m sure will be able to capitalize off the short-and-sweet domain name.
Like Us.... Receive updates on your Facebook wall!!!!
Facebook Comments Plugin Enhanced by Best Blogger Tutorials

Something About Author:

Monthly Page Views Protection

Follow Us:

Follow Me

Facebook Hack's © 2012. Powered by Blogger.