Zuckerberg buys domain from student in Kochi
posted on Apr 16, 2016 @ 1:03PM
Many of us might not be aware of the term ` cyber squatting`, but are aware of its practice. It’s all about the registration of website domains in the name of popular brands and people. People who register such names often hope to sell them at higher prices. Though this practice is thought to be unethical it’s certainly not illegal. Cyber squatting has once again made the news when Amal Augustine, an engineering student from Kochi was approached by none other than the FB. Amal has created a domain named maxchanzuckerberg.org last year.
He has done it within a few days after Zukerberg was blessed with a girl named `Maxime Chan Zuckerberg`. Amal has immediately registered a domain which resembles the short form of the baby's name. He was then approached by the Facebook to sell the domain. The transaction was settled at 700$. And here is the final twist. Amal is not aware that he was selling the domain to the Facebook. Otherwise he could have stated a higher price. Some expect that price to be as high as 6 lakhs!