Yahoo’s financial woes have not been hidden from anybody. The blighted internet giant is ready to do anything to raise funds. It does not even mind small amounts of cash dribbling into its famishing coffers. It has now stooped to abject levels associated with cybersquatters.
Yahoo is busy putting premium domain names on the block just to breathe easy every once in a while. Last night, Yahoo managed to auction off Contests.com for $380,000.
It isn’t a princely sum by any drug-induced stretch of imagination. A premium domain like that should have fetched in the millions of dollars. That actually explains Yahoo’s dismal state. Yahoo should trade premium domains for some business acumen and not greenbacks in the future. Wonder what Yahoo.com will fetch?
It seems contradictory to cast dispersion on a legitimate asset sale by using the term “cybersquatters” (the definition of which involves a trademark violation) and then say that the value it was sold for was too low.
Either domain names are “common property” and should not be owned, sold, traded — or they have a value that is set by the marketplace.