Entrepreneur Marc Ostrofsky bought the internet domain name business.com in 1997 for exactly one hundred and fifty thousand dollars, which people thought was absolutely insane at the time.

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Entrepreneur Marc Ostrofsky bought the internet domain name business.com in 1997 for exactly one hundred and fifty thousand dollars, which people thought was absolutely insane at the time. Just two years later, at the absolute height of the chaotic dot-com bubble, he flipped that exact same digital real estate to a startup company for a staggering seven and a half million dollars. This legendary transaction helped cement the wild west mentality of early internet speculation, where simply owning a generic noun ending in dot-com was treated like discovering a massive oil reserve. The buyer subsequently filed for bankruptcy a few years later when everyone realized a cool URL does not generate a profitable business. It beautifully summarizes the tech industry's obsession with hyping empty digital concepts