Amazon Purchases .buy TLD For $4.6 Million
onproton writes: Amazon outbid Google at the ICANN auction this week for the top-level domain .buy , to which it now has exclusive rights, paying around $4.6 million for the privilege. Google was also reportedly outbid for the .tech domain, which went for around $6.7 million. No word yet on Amazon's plans for the new domain suffix, but it's probably safe to say amazonsucks.buy will be added to Amazon's collection of reserved anti-Amazon URLs.
Actually, if they have exclusive rights to .buy that means no one else is allowed to register amazonsucks.buy. So that wouldn't make any sense for them to register it at all.
Selling entire TLDs to companies is as stupidly shortsighted as giving large IPv4 blocks to companies in the early days of the internet.