I had a domainer write me today and tell me he couldn't believe I had turned down $100,000 offer on a domain. Tonight theStreet.com and the Wall Street Journal are both reporting that Groupon.com has said NO. No to Google No to $6 Billion dollars. Lets see. I think its sounds worse if I write it like this: Groupon says no to $6,000,000,000. Yup, I was right, it does sound … [Read more...]
Soon You Can Own a Piece Of Forex.com
Certainly one of the most valuable financial domains on the Internet is Forex.com and soon you can one a piece of it. The company, Gain Capital, which owns the domain name Forex.com, will have its IPO on the stock exchange on the week of December 13th. The stock price range is expected to be from $13 to $15. At the $14 price per share, the valuation for the company would be around … [Read more...]
The EU Opens Investigation Into Google’s Operations: “This Is A Game Changer”
According to the Financial Times, the European commission, which is headquartered in Brussels, has opened a full investigation into the business operations of Google. Included in the investigation according to the story are the following issues: Did Google lower the ranking of unpaid search results from competing services and gave preferential placement to the results of its own … [Read more...]
Google Launches Its Shopping Site: Boutiques.com
Google launced today a shopping site today called Boutiques.com which seems to be the first project from Google's acquisition of Like.com Here is how Google describes the service on their blog: "The way we shop for fashion is different from how we buy cameras—especially online. With fashion, reviews and specs are less important; fashion shopping is about discovering something that fits your … [Read more...]
Google Gets Patent On Instant Search
According to Fortune, the United States Patent Office awarded Google a Patent today for the technology behind Google Instant Search. The granting of the patent means that other search engines won't be able to provide the exact same type of search functionality as Google without licensing the technology from Google. Fortune points out that the "the inclusion of prior queries submitted by a … [Read more...]
VentureBeat.com DemandMedia IS Worth $1.4-$1.7 Billion
In a blog post today on VentureBeat.com, Stephen Walker The CEO of Perfectmarket.com chats about DemandMedia's IPO and concluded: "I can now envision a scenario wherein Demand Media, whose properties include eHow, LiveStrong.com, and Cracked.com, is worth $1.4 – $1.7 billion. Not bad when you consider that the equity of the New York Times Company is currently valued at $1.2 billion. … [Read more...]
Ask.com Gives Up On Search
Ask.com , announced on its blog Tuesday that it is getting out of the search business. The company announced that it will be closing its offices in Edison, N.J. and Hangzhou, China eliminating about 1/3 of its work force. The company is switching gears and will focus on building out its online question-and-answer service and outsourcing all other search to "multiple third party … [Read more...]