Before this thread gets thrown into the holy dumpster-fire of Discord, perhaps some balance.
I think this as a proposition is poorly explained. There is some value to it, but I just don’t think it’s been explained at all well. And I agree that on face value, the idea of someone bulk buying domains just to resell them with significant markup looks, and is, poor. Almost nefarious.
But, reading around the lines, what’s not being considered is the cost of the additional value, things such as the research around that name and how useful it is, ensuring it is trademarked and also optimised properly are all things you can’t necessarily get from places such as GoDaddy etc.
Basically, it’s the people and the work they do in the background before and after the sale that I don’t think has been accounted for properly. If you’re a startup such as Mondo, and you spend significant money you don’t really have on marketing just to re-brand, when people already know the name, it can be game ending.
but I can’t believe they’ve sold so many! Fools and their money etc etc.
