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BINs Taking Away Some of the Fun

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For the last few years, I have found domain investing to be a bit less fun than before. Business has been quite good for the last several years, so it’s not the money issue that has made it less exciting. I haven’t really been able to pinpoint the issue until I was chatting with a friend this morning.

I came to the realization that my usage of buy it now (BIN) pricing on 90+% of my portfolio is making this business less fun. I have nearly all of my inventory listed on Dan.com and GoDaddy with BIN prices. After having the best sales year last year and the first half of the year on fire, I removed the Make Offer functionality on almost all of my Dan.com listings under $10k. People can either buy the domain name for the list price or purchase it via payment plan.

Robinhood Needs a Good Domain Name Manager

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This afternoon, security researcher and blogger Brian Krebs shared a link to a Robinhood corporate blog post disclosing a “security incident:”

As a result of the incident, around 5 million Robinhood customer email addresses were stolen. Krebs suggested that there will be “an uptick in phishing schemes targeting Robinhood users.”

Don’t Suggest Your Domain Name for a Friend’s Startup

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When a personal friend mentions a search for a brand for a new business or a rebrand of their business, you might want to think twice about mentioning one of your domain name as an option. It may be nice to offer an assist to a friend who might be in the market for a domain name, but the offer could backfire if it is considered.

Domain name negotiations can be challenging, even under good circumstances. Trying to come to terms on the sale price of a domain name is usually difficult. The buyer, who may be constrained by the acquisition budget, business partner, or supervisor, wants to pay as little as possible. The seller needs to get the best possible price for a domain name, particularly on irreplaceable assets. Working with an unknown counter-party is tough, but negotiating a business deal with a friend poses unique challenges.

Tilt.com UDRP Denied in “Unusual” Case

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In July of this year, Domain Gang published an article about Tilt.com. The domain name had been owned by Airbnb and was reportedly stolen from the company when the Whois registrant email domain name was acquired by a third party. Tilt.com was then registered to Greenberg & Lieberman, an Intellectual Property law firm and domain name escrow service provider.

Airbnb filed a UDRP at the National Arbitration Forum (NAF) in an attempt to recover the domain name. The decision was published this morning, and the single member panel ruled against Airbnb. The panelist found that the domain name was likely stolen but the complainant was unable to prove that the domain name was registered in bad faith given the current registrant. In order to have won the UDRP, Airbnb would have needed to prove the domain name was registered and being used in bad faith.

Here’s an excerpt from the decision:

UDRP Record Set at WIPO

An inglorious record has been set at the World Intellectual Property Organization (WIPO) in 2021, and we still have nearly two months remaining in the year. From what I can see on the WIPO case filing page, it appears that more UDRP cases have been filed this year than in any prior year.

WIPO UDRP cases are listed by the year in which they were filed. The case numbers are in numeric order, and a link to each set of cases contains 200 UDRP filings. 2020 was the first year the case numbers reached the 3400 – 3599 set of UDRPs. In 2020, the highest case number was D2020-3561, which indicates that 3,561 (gTLD) UDRP cases were filed in that year.

“Domaining.com has been apparently compromised”

According to a tweet from the Twitter account of Domaining.com, the Domaining.com website may have been compromised. I have not independently confirmed the veracity of the tweet:

I do not have details about what information may have been accessed, but I would imagine a big concern for Domaining.com users is passwords. Users with accounts on Domaining.com should strongly consider changing duplicate passwords on other services. In addition, other industry service providers should be aware of this issue to be on the lookout for logins that may be utilizing duplicate passwords.

It is always advisable to not reuse passwords on different websites and platforms. You might also consider using different logins when possible. In addition, using 2 factor authentication is always recommended.

I hope Francois provides more information about this and highlights this on Domaining.com so more people are made aware of the issue.

If I learn more about this, I will share it.

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