Fb.com At $8.5 Million – Facebook Joins Million Dollars Domain List

Must Read

WhatsApp Might Lose 60 Million Indian Users Post Updated Policy Changes, New Survey Reveals!

The Facebook-owned instant messaging platform’s decision to update their privacy and terms of service brought about a...

Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!

The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola...

Happy B’Day Gordon Moore: One Of The Founding Fathers Of Silicon Valley

Gordon Earle Moore co-founded the paramount Intel Corporation (NASDAQ: INTC) with Robert Noyce in July 1968, which is worth $204.16...

In the arena where Internet business is becoming more and more competitive, companies are trying to cut the corners to shrink their price tag for various services. Probably, the cheapest service what one can opt is a domain name at mere $8.99 these days. However, there are several domains which have secured million of dollars to astound the Internet Industry. Interestingly, Facebook has joined the same list after paying whooping $8.5 million for Fb.com

Last year Facebook had unveiled its much anticipated messaging service which rocked the whole email industry. Though, Mark Zuckerberg, Co-Founder and CEO of Facebook, has segregated the new feature from being another traditional email service, but initiated the process of providing an email ID on “@facebook.com” to all Facebook users.

Users across the globe had jumped with new messaging service and company faced a big challenge on behalf of all employees who were using the same domain for all internal communication. In order to find a way, Facebook had to route all internal communication via a new domain called www.fb.com.

Advertisements

Facebook acquired the domain sometime last year from the American Farm Bureau Federation, which uses fb.org as its primary domain. At its annual meeting in Atlanta, the non-profit revealed that it earned $8.5 million on the sale of fb.com, according to Reuters.

It was the second move of Facebook when they have gone through such major change with their brand identity. In August 2005, company has paid handsome amount of $200,000 to acquire www.facebook.com and transformed the whole business identity from TheFacebook.com.

With the latest move of Fb.com deal Facebook has entered in the list of Top 10 most expensive domains in the world. The list is driven by www.internet.com with the price tag of $18 million. Sex.com, porn.com and fund.com are other domains which follows Internet.com with million dollars price tag.

With the enormous success of revamped messaging service, the investment towards fb.com, apparently, is paying off.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Advertisements

Latest News

Snapchat Spotlight: A New Way for Creators to Earn Money

Short-form video applications have increased overwhelmingly in popularity in recent times. The surge in this format of...

COVID-19 Unemployment Leading To Ageing Indian Workforce, CMIE Reports

The latest data shared by the CMIE aka Centre for Monitoring Indian Economy has highlighted a huge red flag.

The Slip-Ups Keep On Coming: WhatsApp Web Users’ Mobile Data Leaked On Google

As the developments have unfolded over the past week, the clock for WhatsApp seems to be ticking with every passing minute and...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go after China’s second-biggest smartphone marker...

Huawei Is Gunning For Acquiring A Fifth Of Android’s Userbase With Its Own HarmonyOS!

After Google’s ban on Huawei in 2019, the Chinese-origin tech company is all set to roll out HarmonyOS later in 2021 as...

Battle Lines Are Drawn: Qualcomm’s Latest Acquisition to Challenge Apple, Intel

The quest to gain supremacy creates a butterfly effect for sure. With the challengers and the champion pulling out all stops to...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This