You just know someone bought that domain hoping to turn it into a gangbusters online clothes retailer and the best they could manage to do is camp on it and sell it.
I suppose it depends on your outlook. I’d rather have had the passive income over time paid in stock options that multiply in value that I can get interest free loans against to file tax losses than the one time payout you have to pay gains on.
Hindsight is 20/20
Edit to add: there’s also a non zero chance that Meta swooped in like Disney did to Central Florida, set up a secret shell company to buy the property under value so no one knows what big business is behind the acquisition.
You just know someone bought that domain hoping to turn it into a gangbusters online clothes retailer and the best they could manage to do is camp on it and sell it.
Could’ve been Bezos, instead was a bozo.
Were they a bozo, though? If they sold that domain to FB, there is a great chance they just banked like gangbusters.
I suppose it depends on your outlook. I’d rather have had the passive income over time paid in stock options that multiply in value that I can get interest free loans against to file tax losses than the one time payout you have to pay gains on.
Hindsight is 20/20
Edit to add: there’s also a non zero chance that Meta swooped in like Disney did to Central Florida, set up a secret shell company to buy the property under value so no one knows what big business is behind the acquisition.
Honestly, chances are godaddy sold it to them for a few hundred bucks.