Goodbye Sex.com: Voice.com now #1 at $30m

[dog]

This week saw the greatest sum ever paid for a domain name: Voice.com was sold in an all-cash deal for $30m to a company called Block.one, more than doubling the previous, longstanding record of $13m for Sex.com.

And Voice is Block.one's answer to Facebook. It is a social media company that will work through the blockchain but with a key difference: it will feed the benefits that come from having a huge global following back to the users themselves. It will also cut out phony accounts and fake news by requiring people to use a government-issued ID to sign up.

https://www.theregister.co.uk/2019/06/20/voice_com_domain_purchase/

 

[cav]

The owner of the .co.uk version may be a little excited;

 

[RobM]

I can see people queuing up to get away from facebook (and the billions that use it) and send their ID to a non-established company starting up a social network. I mean who wouldn't want to be part of that? It's got something to do with blockchain so must be the next biggest thing.

 

[Sam]

https://www.theregister.co.uk/2019/06/20/voice_com_domain_purchase/

Your late this was news a few days ago...

 

[dog]

I would think so.

The owner of the .co.uk version may be a little excited;

 

[davedevelopment]

The owner of the .co.uk version may be a little excited;

So excited they forgot to take up their rights to the .uk version...

 

[WalkinDude]

This is an interesting one because I believe it's one of those situations where the domain isn't worth $30,000,000 but rather the buyer just has just stupid amounts of money they can throw around with no care.

They would really struggle to resell this anywhere close to the 30 million mark.

It's the equivalent to a billionaire oil family buying a $100,000 house for $10,000,000 just because they like a tree in the garden.

To be fair, if I raised $4 billion dollars like they did with no live product, I'd most probably end up paying stupid money for things just because I could. Must be a strange position to be in, having so much money you don't know how to spend it.

I learned from a thread right in here that up in those stratospheres of money it makes more sense to overpay. the domain is at the top of the all time list, lawd knows how many links that will lead to, bragging rights, free press, anticipation it builds up of whatever it is they are trying to make could itself lead to recoup in the sense of even more investors bundling in utterly sure this a dead cert. They probably think they got it cheap.

Owner likely asked for 1.5 million and the buyers nearly walked out of the meeting in disgust but were cajoled back when owner agreed to accept 30million and maximum publicity.

 

[dog]

Good point.

The amount of press overtime might be worth $30 million for just being the highest paid just for a domain name.

I learned from a thread right in here that up in those stratospheres of money it makes more sense to overpay. the domain is at the top of the all time list, lawd knows how many links that will lead to, bragging rights, free press, anticipation it builds up of whatever it is they are trying to make could itself lead to recoup in the sense of even more investors bundling in utterly sure this a dead cert. They probably think they got it cheap.

Owner likely asked for 1.5 million and the buyers nearly walked out of the meeting in disgust but were cajoled back when owner agreed to accept 30million and maximum publicity.