Domain king cashes $750,000 check for $70 domain
Rick Schwartz just sold CNN the domain iReport.com for $750,000. Schwartz bought the domain in 1997 for "$70 to $100," he told Silicon Alley Insider. This is an example of what can happen when a large company realizes the value of a generic domain and a seller is not in a hurry to sell.
The outspoken Schwartz, the self-proclaimed “Domain King”, is known for his bullish view on domain names and for creating the popular T.R.A.F.F.I.C. domain conferences.
CNN has an iReport program where individuals can submit video news. iReport was launched in 2006. A check of historical whois records at DomainTools shows that Schwartz has owned this domain since at least 2002.
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