Facebook pays $8M for Farm Bureau web name

Facebook pays $8M for Farm Bureau web name
By Natural Resource News Note:

Facebook just paid a pricey $8.5 million for the American Farm Bureau Federation’s web domain name www.fb.com. Reuters reports that Faecbook wants to use it for internal use. Farm Bureau will now use their other web domain name www.fb.org for their main website. Facebook founder, Mark Zuckerberg said, “The Farm Bureau agreed to sell us fb.com and we in return have agreed not to sell farm subsidies.” Limited availability and rising demand has pushed higher and higher prices for web domain names.

Below is a list of the top 10 most expensive web domain purchases prior to the to Facebook-Farm Berea deal.

1. Insure.com — $16 million in 2009.
2. Sex.com — $12-$14 million in 2006.
3. Fund.com — $9.99 million in 2008.
4. Porn.com — $9.5 million in 2007.
5. Business.com — $7.5 million in 1999.
6. Diamond.com, — $7.5 million in 2006.
7. Beer.com — $7 million in 2004.
8. Israel.com — $5.88 million in 2004.
9. Casino.com — $5.5 million in 2003.
10. Toys.com — $5.1 million in 2009.

Read more on the Facebook-Farm Bureau deal here

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