Bloomberg.Market Awarded to Bloomberg

In an unsurprising UDRP decision, the Bloomberg.Market domain name has been awarded to Bloomberg Finance. As you may recall, a website was set up on Bloomberg.Market to look like the actual Bloomberg website and an unfounded news report was published. The result was a giant temporary fluctuation in the price of Twitter stock.

The UDRP decision was published by the World Intellectual Property Organization, and it can be found on the website. There was one panelist presiding over this UDRP decision, and not surprisingly, the respondent did not issue a response to the complaint.

You can read the entire UDRP decision for yourself if you would like, but here are a couple of interesting tidbits I found:

Next, Complainant argues that Respondent’s domain name incorporates the BLOOMBERG mark fully and merely adds the gTLD “.market” suffix, rendering the name confusingly similar to the mark. Panels have agreed that adding a gTLD to a fully incorporated mark does nothing to reduce confusing similarity.

Respondent allegedly used the disputed domain name to post a fake report that manipulated the value of stock in a third-party entity. See Compl., at Attached Ex. G (purportedly fake article entitled “Twitter Attracts Suitors”); see also Compl., at Attached Exs. H and K (media attention surrounding Respondent’s presumably fake article). Panels have found that fraudulent misrepresentations intended to confuse Internet users and to commercially gain for oneself as constituting neither a bona fide offering of goods or services, nor a legitimate noncommercial or fair use.

It remains to be seen if Bloomberg, Twitter, stock investors, or any other entities will file suit against the registrant of the domain name for the way in which it was used. If I see anything about that, I will share it. Bloomberg seems to have learned its lesson, and it looks like the company is being proactive about domain registrations in the new gTLD extensions.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn


Please enter your comment!
Please enter your name here

Recent Posts

Rookie Mistake: Reading Expiry Lists at Breakfast

Every morning, as early as I am awake, I look through domain name expiry lists to see what is coming up for auction. I'll...

GoDaddy Auctions Running NameFind Auctions

GoDaddy is running a featured auction via its GoDaddy Auctions platform with domain names from its NameFind portfolio. While I would argue the domain...

Spaceship Hits 1 Million DUM – Only 13% of New Registrations are .com

Earlier this morning, Richard Kirkendall shared that Spaceship hit the 1 million Domains Under Management (DUM) mark. Richard is the Founder of Namecheap and...

Converse.CO UDRP Decision Turns on Price Inference

In general, I thought UDRP panels have gotten past the issue of pricing as it relates to generic / descriptive one word domain names....

Ebbs and Flows of Domain Investing

My domain investment portfolio has grown from around 500 domain names to around 2,000 domain names in the last several years. Even at that...