31–40 of 73 posts
The problem here is nobody milk-related cares and it would most likely get bought by a VC funded startup and become the name of some sort of AI js bundler tool.
... is that there is no problem. They're just being silly.
The owner is dreaming if they think that domain is worth $10 million. But that's fine, because they like the name, and there's no reason to sell it for a number they're not happy for. Personally, I wish we had more TLDs. Many of the most useful ones are expensive because of rent seeking companies that became the main registrar for them.
https://en.wikipedia.org/wiki/List_of_most_expensive_domain_..., Beer.com sold for 7M in 2004.
The most expensive domain sale was CarInsurance.com for about $50m, and that was back in 2010, even though the tech sector has grown so much since then.
Maybe in the future they'll make a comeback with how much worse Google has been getting - who knows?
I don't think that domains are worth nearly as much as they were 15-25 years ago. Back at the start of the web a lot of people would go to sites by typing in the URL directly, which made it worth something to have the perfect domain for your business sector - people heard the name of the brand and went to [whatever].com. Since search engines took off, most people would go to Google first and then type in the brand. A…
The owner is dreaming if they think that domain is worth $10 million. But that's fine, because they like the name, and there's no reason to sell it for a number they're not happy for. Personally, I wish we had more TLDs. Many of the most useful ones are expensive because of rent seeking companies that became the main registrar for them.
The domain owner is getting tons of offers for their domain and its a waste of their time. Now, slap $10 million, make it large and visible. So everyone can just go away. It's strategically better to put some high value to filter out everyone.
Earlier quoted context omitted.
... it's tongue-in-cheek. Yikes.
[flagged]
I hope you have a pleasant evening. :)
Edit: Well, those are quite the edits you've made there. There was no "reading into" your comment necessary - you called the person an entitled asshole. Your initial comment was downvoted into the grey before I even responded, and you insinuated that I was being snarky simply for saying "yikes" to your "entitled asshole" comment. If you truly thought that I was out to "make [you] look bad", perhaps you could've clarified your original statement in that response to me, rather than calling me snarky? Seems like that would've been an opportune time to have a mature conversation.
Others also downvoted your second response prior to you editing it, too. Seems there was no need for me to convince anyone of anything. Not sure what your deal is, but you do, respectfully, seem tightly wound. I also, for what it's worth, don't really give a damn what anybody thinks about my posts, so I'm not sure who I'd be trying to convince of anything.
I sincerely hope your evening improves!
Per Henry George we should tax this kind of speculation and rent seeking, by taxing things like land and internet domains. We could use the money to reduce our national debt, or pay for things like healthcare and education.
As I get it, this guy is not making any money from owning the domain, and doesn't seem to be actively trying to. What would you tax then ?
The owner is dreaming if they think that domain is worth $10 million. But that's fine, because they like the name, and there's no reason to sell it for a number they're not happy for. Personally, I wish we had more TLDs. Many of the most useful ones are expensive because of rent seeking companies that became the main registrar for them.
Sony offered Marvel 5 billion for Spider Man. Is it worth it? Probs not. But now Marvel would stop wasting time sending offers. It's the piss off price. The domain owner is getting tons of offers for their domain and its a waste of their time. Now, slap $10 million, make it large and visible. So everyone can just go away. It's strategically better to put some high value to filter out everyone.
I notice he mentions the -revenues- of the milk boards as justification for his price. But revenues are not the same as "discretional income". I'm guessing most of their costs are fixed. And I'm guessing their variable-cost departments would be less keen on sacrificing 10 mil on a "vanity domain".
(Note: if you want a sweet 2000 Nissan Frontier pickup truck, I can sell you mine for, say, $10K. It's only got ~300K miles on it. And it's worth $50K!)