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pizza.com Sold For $2.6m
f8d noted a beeb bit on the fact that the pizza.com domain name was sold for a ridiculous 2.6m bucks. Can there be a bubble and a recession at the same time, or do the two cancel each other out like Penn & Teller?
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That was a STEAL. Just think of the marketing budget of any of the standard delivery places (Pizza Hut, Papa Johns, etc). This is not even a blip on that radar. I just hope it was a pizza place. God help us all if it was a porn company.
Buying a ton of domain names on the cheap in the mid 90's would have been a sound investment.
If it isn't a pizza company, I say we abandon domain names and go back to numeric addressing.
These stories are free but worth money.
Tag it!!
therenottheir
I've PERSONALLY been so hungry I couldn't make it to google, typing "pizza" directly into the URL bar AT LEAST 50,000 times, spending $20+ dollars each time. If there's a couple of more people out there like me, they've already broken even.
First, America is going through a recession because of our debt, combined with our realizing that we have overspent. OTH, Europe, japan, canada, etc are all picking up speed while the dollar continues to plummet due to our federal and trade deficits. Hopefully, the next president will be responsible.
Second, the net remains one of the best places to lower your costs. Far cheaper than having a building and ppl. 2.6M? That is nothing.
I prefer the "u" in honour as it seems to be missing these days.
A major pizza maker will spend more than that on TV advertising every month. It's nothing in the big scheme of things.
No sig today...
To those who are talking about how 2.6 mil is nothing to a pizza chain I ask: How are you going to get the public aware of the fact that pizza.com even exists? Personally, if I wanted pizza I'd type dominospizza.com or pizzahut.com as a first guess at anything pizza related online. Even as a computer literate person I can draw from experience that most generic domain names are link farms and still not go to pizza.com. Maybe the pizza stores have to advertise their new site on tv for another 2..... oh wait
... the domain transfer took more than 30 mins, so it was free.
If only their was a homophone for pizza.
Back in 1995, my friends and I were looking for domains to register. One of the domains we considered was pizza.com. We decided to skip it, as we didn't want to invest $35/yr on a domain we would probably never use.
*bangs head on desk*
There is no reasonable defense against an idiot with an agenda
:wq
A recession and a bubble at the same time? Of course. When oil and bank corps, and the people who own & run them are bathing in record profits (above the records set every year for the past decade and a half, above the records set every year except maybe one or two of every twenty for the past few centuries), but literally millions of people are getting their homes foreclosed, millions more are always 6 weeks paychecks from losing their homes, income has shrunk over the past 25 years while prices have doubled, tripled or more (especially oil/gas prices and bank fees)...
Of course there's a recession and a bubble possible. Where do you think that bubble money comes from? And do you think that when it pops, everyone loses their shirt? Or maybe the rich people who run the country (*cough* Bear Stearns *cough*) will never see any real risk, while the poor are as free as the rich to sleep under a bridge.
The biggest lie about "the economy" is that it's "the" economy. There are separate economies for the rich and everyone else, shunted and fed back into each other separately. Except the rich economy has a siphon into the other economy.
--
make install -not war
People who cant spel don't care that they can't spell. Ridiculing them is a waste of time, first, because they don't care, and second, because they can't tell that you're mis-spelling stuff.
Don't piss off The Angry Economist
I was discussing this at lunch yesterday with some coworkers, and most of us thought it was an incredible waste of money. How many people do you know that when they want something, they open up their browser and just type what they want plus .com right into the address bar? Only complete fools do that and I'm honestly sure that population subset is very small and made up of old people.
One guy was defending their position rather well though, he basically said that whenever you do non-internet advertising, such as on television or the radio, having a very simple URL is a necessity for having people remember it for later on.
Reviewing just the first hour of video games.
Can their be a bubble and a recession at the same time, or do the two cancel each other out like Penn & Teller?
Of course there can, and that's exactly what is happening. There is too much venture capital out there and few good places to invest it. There is a recession because oil and other commodities have cut into corporate profits and a bubble because billions of VC funding is available, due to GWB's tax cuts for the rich.
Reagan's trickle-down policies caused a simiilar bubble (in derivatives) in 1987, A decade later, more easy Fed money caused Venture Capitalists to invest in high-tech stocks, causing the famous dot-com bubble and bust.
A recession is when lots of poor and middle class people lose their jobs; a bubble is when a few VCs all decide to put their money in the same place at the same time, driving up prices but not value or production.Which is what's happening now.
Why is 2.6M for one of the most recognized words in the English (and other) languages ridiculous?
Dominos Pizza Market Cap: $843,000,000
Papa John's Market Cap: $725,000,000
Pizza Hut 2007 Sales: $26,000,000
TFA only says the domain was bought by an anonymous buyer which probably means that it wasn't an actual Pizza business that bought it.
The whois for pizza.com still shows Christopher Clark as the owner.
I'd guess it's along the lines someone wrote earlier - it was bought by a speculator who has some idea of the true value of the domain name. US$2.6M is nothing compared to what those chains spend in advertising.
When American liberals say they want freedom of choice, that they really mean is that they want to kill babies.
And this explains many of the contradictions of their 'ideology'.
Your statement made about as much sense as my paraphrase. This concludes my karma burn for the day. Thank you.
Women are like electronics: you don't know how damaged they are until you try to turn them on.
I'm not a liberal. I don't support roe v. wade. My statement makes perfect sense, and was not flame bait in the least.
American conservatives claim to want free markets, yet consistently support bail outs like the one in the subject of this thread. They also support various subsidies. Or rather, they pick and choose subsidies to support.
American conservatives claim to want free markets, yet support a wide array of market tinkering. Therefore, my conclusion that what they actually want is zero tax burden is perfectly sensible.
There are many, many fundamental inconsistencies with American conservatism. Modern American liberalism suffers from inconsistencies as well. That's not to say that inconsistency in political ideology is always a negative. I'm reminded of this every time a libertarian advocates private ownership of public roads and interstates.
My observation was not meant as a slander, yet I guess I should have realized that it would have been taken that way. :/
And, byw, the reason I had ideology in quotes in my first post is that I'm not sure it is a completely legitimate use of the term.
FAQs are evil.