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August 04, 2014

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Domain Conglomerate Rightside Completes 1st Day as an Independent Public Company + DomainGuardians.com Books a Million Dollar Sale

After beginning life as a division of  Demand Media, domain conglomerate Rightside Group Ltd. completed its first day as an independent public company today. The spinoff from Demand trades on the NASDAQ exchange under a very appropriate symbol: NAME. Rightside owns domain name registrars (Name.com and Enom.com), many new gTLD registries and a 50% stake in domain auction powerhouse NameJet.com

 

Rightside CEO Taryn Naidu

Chairman of the Board David Panos

Rightside shares traded from $14.99 to $16.77 today before closing at $15.05. The company's opening day was accompanied by a news release announcing  the group's Board of Directors and executive team (a line up loaded with accomplished domain industry veterans including CEO Taryn Naidu. The board is chaired by David E. Panos).

Mr. Naidu said, "Today's milestone is a tribute to our team's vision, ingenuity and commitment to making Rightside a leader in advancing the way businesses and consumers define and present themselves online. Success will come from driving new TLDs through each aspect of our business – with our Registrar, Registry and Aftermarket businesses each doing their part to innovate and deliver for our customers."

Mr. Panos added, "Rightside is ideally positioned to be a leader in the revolution taking place in the previously limited and tradition-bound world of domain names. As we move past the .com era into a 'new Internet' with a multitude of creative and memorable options, the domain name is now a strategic asset for branding and marketing."

Kirkland, Washington based Rightside has one of the  industry's most comprehensive platforms for the discovery, registration, development, and monetization of domain names. They currently have 15 million names under management, a popular domain reseller platform, more than 20,000 distribution partners, highly regarded retail registrars, a top domain auction service in its NameJet joint venture and an interest in more than 100 new Top Level Domain registry operator agreements or applications through Rightside affiliate, United TLD Holdco Limited, trading as Rightside Registry.

Rightside wasn't the only company in a celebratory mood today. Domain brokerage DomainGuardians announced they closed a deal to sell BTC.com to bitcoin mining firm GAWMiners for an even $1 million. That is the 7th publicly reported 7-figure domain sale so far this year. 

When out next weekly domain sales update comes out Wednesday evening, BTC.com will move into the #7 slot on our YTD Top 100 Sales Chart, ahead of 100.com (sold for $950,000 in February) and just behind MM.com, a name that sold for $1.2 million last month.

(Posted August 4, 2014)


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