[bombcar]

I know during the dot com bubble some names sold for very large amounts, and there have been other cases recently (Facebook bought meta.com)

Other than a small portion, people might be surprised how LITTLE domain names go for; I was involved in the purchase of a three character domain on one of the original TLDs that was only in the $5k range.

[elcomet]

5k is still an outrageous amount of money for a domain name...

[jaywalk]

Supply and demand. A three-character .com/.net/.org domain name going for $5k is a pretty good deal in my book.

[marban]

5k is a steal for a good name.

[rchaud]

Is it? does the .com really matter now as it did 20 years ago?

If you can afford $1m for a domain name, you can afford to advertise your site on search queries that specifically name your competitors.

[wizofaus]

If I see a link for a corporate site whose domain is not {company-name-or-abbreviation}.com I assume it's phishing spam.

[Ayesh]

> outrageous amount

Squatters have a pretty strong HODL game, often lasting several years because it only costs $10/year for them.

[elcomet]

That's why I don't think squatting should be allowed. For company name, you can't just create thousand companies and resell their names. Domain squatting brings no value to society