Industry News Summary – Week 42

Recent domain name news from the last week:

Sweden lose Internet for an hour

A problem during routine maintenance of Sweden’s top-level domain, .se, took down the Internet for the country for about an hour on Monday night.  Basically, the .se registry used an incorrectly configured script to update the .se zone Read article here

Insure.com goes for $16 Million

Top domain name sales may have seen a slump this year but there have been some that fetched nice round sums. Toys.com was sold for $5.1 million, Candy.com for a round $3 million but the latest transaction puts these to shame as Insure.com has been sold for $16 million, one of the biggest figures in domain name sales history. Read article here

Yahoo Class Action Settlement May Lead to Lower Domain Parking Earnings

The settlement of a class action lawsuit against Yahoo may result in lower pay-per-click revenue for parked domain names. The lawsuit was brought against Yahoo for allegedly misleading advertisers as to the sites where their ads would appear.  Read article here