It shouldn’t have been on any lists to begin with.
According to a lot of lists of top domain sales, PrivateJet.com sold for $30 million in 2012.
They’re basing it on this press release.
Smart people didn’t log this domain sale that was for cash and equity. You can put any value you want on equity.
But the sale might not have happened at all, equity or not.
Take a look at a new lawsuit filed by Don’t Look Media. (Lawsuit file) The company that allegedly sold the domain for $30 million back in 2012 says it still owns the domain, and it’s suing another party for allegedly not holding up its end of the bargain in a development/monetization deal.
The dollar numbers involved in the form of guarantees are small potatoes for a $30 million domain name.
The bottom line: the same company that owned the domain before the 2012 “sale” still owns it. So you can cross this domain off your list if you haven’t already.
Business.com was fake PR too with that $ 7.5M, it was a cash + stock deal, cash portion being around $ 2M. It’s the nature of this business. Believe half of what you see, none of what you hear.
It was completely a stock deal worth 7.5 million dollars in 2000. In 2004, that stock was revalued and was redeemed for $2 million in cash.
Not sure if I’m missing something, but isn’t how that stock declined later irrelevant? The change of that stock price at a later time cannot change the fact that a deal worth 7.5 million dollars was made in 2000, can it?
Any transaction that involves a lot of stock is dubious in my view, it is often done to manipulate the price higher for press releases. For Business.com it would need to be looked at very carefully.
For PrivateJet.com though it a complete nonsense sale, can be seen from the court filing that it never was sold. The big giveaway with it though is no way would it ever be worth the price being claimed, I think most people never took the sale seriously so it is a pity it has got into some high sale lists.
I believe there was no cash in that deal, just equity:
https://domainnamewire.com/2006/10/09/landmark-businesscom-sale-only-2m/
If it was equity in a public company that could be sold right away then I think 7.5M would be fair. In this case it was illiquid, so I think $2M is the fair number.
I received the same email but can’t find the lawsuit or any other info referencing that, other than the link provided.
I didn’t get an email about it but I viewed the lawsuit. I can upload it to the story.
Here you go: https://www.courtlistener.com/recap/gov.uscourts.flsd.552191/gov.uscourts.flsd.552191.1.0_2.pdf
Thanks.
Sale is fake, didn’t happen.
Priv8Jet.com can replace PrivateJet.com
No. Just no.
I personally would not use that domain.
But guess what? I did see a company using that type of domain. They are called dataSpring and their domain is d8aspring.com.
That company spent $8 on their domain, and even then they paid too much.
Let’s not put this nonsense on a pedestal,
Priv8Jet.com is a terrible domain and the owners current plan seems to be be comment spamming rather than cutting losses and learning what makes for a better name.
Read This
https://www.namepros.com/threads/priv8jet-com-is-not-useless.1148133/
Thanks. That made the thing much clearer.
I had no idea why this comment of mine jumped down to here, but I meant to reply to Andrew (https://domainnamewire.com/2019/07/24/its-time-to-take-privatejet-com-off-of-all-of-those-domain-sales-lists/#comment-2255933)
what happened to the Top Domain sales list on domaining . com?
where can I find an accurate list? thanks
Priv8Jet.com – no.
PRVTJET.COM – maybe as PRVT has become the “Internet Word” for Private
rebrand: probably best
Read This
https://www.namepros.com/threads/priv8jet-com-is-not-useless.1148133/
It’s useless
BTW – I asked louis david about the privatejet.com sale a few years ago, and he didn’t want to talk about it. I can see why now due to getting stiffed on the transaction.
The lawsuit is about a more recent agreement, which came after they supposedly sold this name, yet somehow they still owned it!