Day in Tech History

December 1: Business.com Most Expensive Domain Name

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Day in Tech History

Jeffrey Powers

Madison, WI

Description: Technology History in a Daily Podcast

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December 1: Business.com Most Expensive Domain Name

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1999 - It was the most expensive internet domain name. Business.com was first bought in 1997 for $150,000 by Marc Ostrofsky. You might think that is pretty expensive, but economically, it was a great deal. On 12/01/99, Buisness.com was sold to Jake Winebaum for $7.5 million. At that point, buisness.com was officially founded.Jake was a chairman of the Walt Disney Internet group.This domain barely made it through the dot com bubble. They went through 2007 when R.H. Donnelley Corporation acquired the site for $345 million. R.H. Donnelley filed for bankruptcy in June 2009.

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