Owners told a newspaper they turned down a $145,000 offer for the domain name.
In June, the Herald Sun published an article about two Melbourne teens who have had success with online businesses. The article stated:
And about six months ago, the pair purchased the domain name TikToks.com for $2000 after predicting TikTok would become the next big social media platform.
They’ve recently been offered $US145,000 ($A209,947) to buy it, but they plan to hold it and launch the world’s first TikTok growth service.
I mentioned on twitter that the two guys gave TikTok Exhibit A for a future UDRP.
These guys just gave exhibit A to Tik Tok whenever if files a UDRP for TikToks .com https://t.co/at94MRAjHv
— DomainNameWire.com (@DomainNameWire) June 7, 2020
Fast forward three months, and TikTok’s parent company Bytedance has filed a cybersquatting complaint under UDRP against the domain. It seems like a slam dunk; the business at TikToks.com is selling followers and likes for the service.
They should have taken the $145,000.