MicroStrategy's Backup Revenue Model: CyberSquatting
from the heydinkus.com dept
It turns out that while MicroStrategy has been shrinking rapidly in market cap over the past year, they’ve also been working on buying up domain names. $3.2 million worth of them, in fact. Some, such as the ever useful “heydinkus.com”, they got directly from Network Solutions for the nominal $35 fee. However, others, such as idream.com, hope.com and glory.com they shelled out slightly more. Of course, just for CEO Michael Saylor they picked up mike.com and michael.com (I’m guessing one’s for formal stuff and the other’s just for when Saylor “wants to have fun”?). I guess the strategy is that when their regular business disappears they’ll just make money as cybersquatters.