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Public co-founder Leif Abraham revealed exactly how much the company paid for the Public.com domain - a whopping $900,000 (roughly Rs. 6.5 million dollars). The amount has sparked a lot of interest in the industry, especially after learning
August 2, 2024 - On Platform X today, Public co-founder Leif Abraham revealed exactly how much the company paid for the Public.com domain - a whopping $900,000 (roughly Rs. 6.5 million dollars). The amount has sparked a lot of interest in the industry, especially after learning about the way the acquisition is being paid in installments.
Public upgraded its domain name from HelloPublic.com to Public.com, as announced to the public in 2023.The behind-the-scenes story of the acquisition was detailed at the time by the company's co-founder, Jannick Malling, and today Leif Abraham shared more specific details. It was revealed that Public closed the deal by paying for it in installments, thereby alleviating short-term financial pressures and furthering the company's business growth.
Specifically, Public made an initial payment of $150,000 for the acquisition of Public.com and reached an agreement with the seller to pay $4,000 per month in 36 monthly installments to complete the payment. Ultimately, Public paid off the remaining $606,000 in 18 months in advance.
Public acquired the domain name from Anything.com, an investment company with a large portfolio of premium domain names, and the seller in this transaction was represented by Larry Fischer of Get Your Domain, while ESQWire.com handled the transaction and escrow services.This 2021 deal was also included in the Embrace.com's recently released list of word.com domains for sale.
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Recently, Hotel Engine announced that it has changed its company name to Engine, marking a major transition in its branding strategy, according to domain investor Elliot Silver, who posted content on X. The company had successfully acquired
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The four letter domain name ASAP.com was successfully sold in a recently held bankruptcy auction. The auction, managed by Heritage Global Partners (HGP), concluded successfully recently with a final sale price of $340,000 for ASAP.com,
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On September 12, 2024 at 16:00 (CET), domain name trading platform Dan.com announced that it will merge with Afternic and unveiled plans regarding the closure of Dan.com. According to the announcement, Dan.com will begin account migration
There are a total of 676 two-letter .com domain names in the world, and more than 300 of them have been used by businesses for their official websites. Are you curious which two letter .com domain names are used by businesses?
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In this year's domain name trading on May 1, the .ai domain name market was hot with significantly higher turnover. Among them, the domain name quran.ai in the field of Artificial Intelligence was sold for $100,999 (approximately
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Recently, the Three Sheep Group in Hefei, Anhui Province, sparked a lot of attention and discussion over the incident with Simba on Jitterbug. Although the public has different views on the truth of the incident, this is not the focus of
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In the world of domain name investing, seasoned investors have repeatedly warned novices to avoid registering domain names that clearly infringe on trademarks. I'm not referring to domain names that can be modified slightly, but those that
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Used domain names, i.e., those that have been previously registered and are now available for resale, offer a plethora of opportunities for domain name investors. While the initial investment for these domains is higher than for manually
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In a domain name battle that has generated widespread attention, a dispute between two Texas pool construction companies has led to a Reverse Domain Name Hijacking (RDNH) case. The case involved a dispute between Pools123 Houston LLC over
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