Sedo, and the Boobtube.com problem
Sedo, the world’s largest domain name auctioneer, sold a popular URL, Boobtube.com, for $41,688 last week, but then turned around and canceled the sale because the seller didn’t really own it.
This auction had lasted more than two weeks, and was frenetic.
The cancellation raises prickly questions about the nascent domain name exchanges, which are handling several hundred million dollars of trades. Are they trustworthy? Are they open to market manipulation?
This might be pardonable if it were… Continue Reading