Support Services:service@dn.com
2024 Dn.com All Rights Reserved
Rick Schwartz said, "Just this past Friday, they told me the final closing number is $6.8 million. An hour later, I received another email. By the way, some funds will be held in escrow for 90 days.
Recently, the domain king, Rick Schwartz, successfully sold the domain Candy.com for $7.1 million! The buyer is the cold chain logistics company, GreenRabbit. Previously, the domain was transferred in early June 2009 for $3 million in cash plus a 5% equity stake to a candy company. Over 14 years, they've turned a $3 million investment into $11 million with the Candy.com domain!
Image Source: Candy.com
Candy.com was registered in 1994, making it a 29-year-old domain. "Candy" is a high-frequency word, attracting significant natural traffic. Moreover, candies have always been one of the most beloved snacks for children, creating a massive market. It's a perfect fit for a candy company.
Image Source: GreenRabbit.com
GreenRabbit.com has stated that they've sold their company to Performance Food Service, which ranks 91st on the Fortune 500 list of top publicly listed companies!
The domain king, Rick Schwartz, mentioned that three years ago, an investor came in, and he sold part of the Candy.com stocks for slightly over $1.7 million. He held just over 11 million shares and had faith in these two young men from the beginning.
Rick Schwartz said, "Just this past Friday, they told me the final closing number is $6.8 million. An hour later, I get another email. Oh, by the way, there's some money in escrow for 90 days. Your numbers will be over $7.1 million once released. So, the total value I received for selling Candy.com is over $11 million!"
Image: Joe, Rick Schwartz, Greg
They used Candy.com as a stepping stone, breaking into the heart of the candy industry. As the company grew, their scale expanded.
Following this expansion, they rebranded themselves as GreenRabbit.com. This allowed them to sell Candy.com for several million dollars more than they initially paid, using those funds to further develop the company, all without needing external financing.
In the market, there are many such cases where companies and individuals purchase domain names, use them for a period, and then sell them at a high price when the market matures:
1. Voice.com - In 2019, Block.one acquired Voice.com for $30 million for its blockchain social media project. The domain was initially held by MicroStrategy and used for its Voicemail.com website.
2. Sumo.com - Sumo.com was initially the domain for SumoMe, which later rebranded as Sumo. The sale price for the domain Sumo.com is undisclosed.
3. Zoom.com - Video communication giant Zoom Video Communications initially used Zoom.us as its domain. They later acquired Zoom.com, further enhancing their brand recognition.
These cases demonstrate that buying domains and selling them at a higher price after market development is a potential investment strategy, especially when the domain holds unique brand value or broad market appeal. However, successful cases are relatively few, requiring careful consideration, market insight, and timing.
27 Jul 2024 09:52:21 AMIndustry Information
On July 27, 2024, Belgian citizen Francois Souflet won a legal dispute involving the Souflet.com domain name, handled by the World Intellectual Property Organization (WIPO) Arbitration and Mediation Center. The French company,
26 Jul 2024 03:41:28 PMIndustry Information
May 29, 2024 - Galxe, the leading on-chain distribution platform for Web3, announced its latest breakthrough, Gravity, with the launch of the domain names Gravity.xyz and G.xyz. a new Layer 1 smart contract platform.The launch of Gravity
26 Jul 2024 09:39:03 AMIndustry Information
At the end of the second quarter of 2024, the total number of registrations in the .com and .net top-level domains in the domain name pool was 170.6 million, a decrease of 1.8 million domain name registrations, or 1.1%, compared to the
25 Jul 2024 03:04:12 PMIndustry Information
Generally speaking three letter domain names are more popular than other long word domain names, especially three letter and word domain names, such as: PDF.ai. Just recently, the domain name PDF.ai was used by its founder, Chen, for an
In the latest domain name dispute resolution case, LEGO Juris A/S has successfully transferred ownership of the disputed domain name lego.box to itself. The case was handled by the World Intellectual Property Organization (WIPO)
Industry Information 25 Jul 2024 10:58:22 AM
Factory Mutual Insurance Company (FM Global), a Fortune 500 U.S.-based commercial property insurance company, recently acquired the scarce two-letter domain name FM.com for $10 million for branding upgrades. The company's previous domain
Industry Information 24 Jul 2024 05:44:35 PM
Recently, with GoDaddy's restructuring following its acquisitions of Uniregistry and Dan.com, the company made significant changes to the fee policy of its domain trading platform, Afternic. Under the new policy, if a domain name is sold
Industry Information 24 Jul 2024 11:44:23 AM
In a dispute over the domain name Babista.com, the Complainant claimed rights to the trademark “BABISTA” and accused Respondent PTB Media Ltd of registering and using the domain name in bad faith. However, after reviewing the evidence,
Industry Information 22 Jul 2024 11:51:36 AM
Recently, an organization called URLAbuse claimed that they had reported the .TOP top-level domain registry to ICANN for failing to effectively handle cyber abuse. According to the report, ICANN issued a warning to the .TOP registry stating
Industry Information 19 Jul 2024 02:25:37 PM
In a recent Internet dispute resolution process, Eisco Scientific LLC was unsuccessful in obtaining the domain name Eisco.com from its domain name registrant, Hexuan Cai, in a dispute stemming from Eisco Scientific's claim that the domain
Industry Information 19 Jul 2024 09:52:58 AM