The American Farm Bureau Federation earned $8.5 million from sales of ‘a couple of domain names’ and it is believed that the buyer of one of dozens of their domain names, FB.com, was Facebook.
In November last year, Mark Zuckerberg announced the revamped Facebook Message that allows users to use the domain name @facebook.com. With the release of @facebook.com domain to the public use, the company’s staffs will need another domain names for themselves - hence the purchase of FB.com.
In a report by Reuters blog, the Farm Bureau officials said in an annual meeting that they have earned $8.5 million ‘by selling a couple of domain names,’ and at the same time we look back at a report by Mashable, the American Farm Bureau Federation sold Fb.com to an undisclosed buyer, but it was then revealed that Facebook is the administrator of the domain name.
And FYI, Fb.com is more than 40 times more expensive than Facebook.com, which they have paid for $200,000 in August 2005.
No wonder Facebook Paid is trending on Twitter eh? Because Facebook Paid $8.5 million for FB.com! Big business is big.
Sources: Mashable, Reuters blog, Techcrunch
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