The Product May Be Smaller But the Price Tag Rarely Is.
Wednesday, July 28, 2010Recently Overstock.com, paid $350,000 for “O.co”name. The president of Overstock, justified the price by the possible opportunities that a one letter domain could represent.
Currently, O.co redirects users to Overstock.com.
Many companies have complained that it has been difficult to find a good .com address, and some are using the launch of the .co domains as a band aid for their fruitless searching for an alternative.
In addition, most registries have strict bans on less than 4 letter domains for many legal and technical reasons; the fact that .co seems to be unconcerned with these problems, makes it seem to be “new thinking”.
One fact that many overlook is that the slick new marketed URL, .co, is just the Internet country code for Colombia. It has been around for years, prior to the current marketing trick, and no one really seemed to notice before.
Consider that new or old, the extensions can be confusing.
When the CCTLD naming conventions were being held, Scotland overlooked the importance and as a result .sc is for “Seychelles” and Scotland has no unique cctld.
No one ever said that the internet was fair. If they did, they probably should be shot.
