Internet Recession … NOT!
February 28th, 2009
The economy is in recession, the stock market near a twenty year low, and unemployment figures worrisome. But the internet is healthy. Just another sign of this is the re-auction of Toys.com which had been sold only weeks ago for $1.25 million.
Update: Toys-R-Us just won Toys.com for $5.1 milllion dollars. The Washington Post article described a heated bidding war between several players with all but two bowing out around the $3,000,000 mark. National A-1, a domain holding company, and Toys-R-Us went on to bid against each other for nearly two hours with National A-1 calling it quits when Toys-R-Us moved up to $5,100,000. Premium domains. Gateways & assets. Say no more.
Lets face it, toys r us, are/were the only bidders who have an actual use,
A name of the calibre, should never, ever, ever, be a parked page.
Goodl uck to them,
$5.1m , A lot of money to make back, lets hope theres someone smart enough over there to get it making a profit ASAP!