Mark Zuckerberg’s First Website Auctioned For $30,000
Mark Zuckerberg’s first website, FaceMash.com, was was made famous in the movie The Social Network. The movie portrayed the website as an early version of HotorNot, and it’s success on campus inspired Facebook’s birth.
While the site has laid dormant for years, it’s new fame propelled the domain to a $30,000 sale this month on public auction. While plans to develop the website were not immediately disclosed, this high-priced domain sale is just another example of how valuable buying and selling websites and domains has become.
FaceMash sold for $30k, and it was an empty domain, meaning there was nothing active on the website. This is another example of the fact that established domain names are becoming more and more valuable. Earlier this year, Retweet.com sold for a cool $250,000.
This is just a small part of a growing trend, however, of what is quickly becoming the new “virtual real estate.” Investors, webmasters, and speculators alike are buying and selling domains and established websites as a business model. Investors have found that they can buy up profitable web businesses for much cheaper than they can buy offline businesses, even when the cash flow is higher. They then either hold the websites like a business or “flip” them to business owners.
FaceMash and Retweet both sold on Flippa.com, a popular website auction marketplace for webmasters, flippers, and virtual real estate investors. While only in its infant stages, the site has already seen tens of millions of dollars in successful transactions, and the trend continues to grow.
While not as well known as traditional real estate investing, domain and website flipping is gaining momentum as more and more realize its profit potential. The sale of well known sites, including FaceMash, is causing many to take notice of what could be the new wave of virtual real estate.
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