Registering an Internet domain name for the purpose of reselling it for a profit. One of the more notable transactions was the domain name wallstreet.com, which was registered in 1994 for $70 and sold for one million in 1999. Some people have registered every common name and name combination they can think of with the hopes of making a profit.
Don't Cybersquat a Big Name!
In 1999, the U.S. government passed the Anti-Cybersquatting Consumer Protection Act, which enables trademark holders to obtain civil damages up to $100,000 from cybersquatters that register their trade names or similar-sounding names as domain names. While not directly outlawing cybersquatting, it was an attempt to improve the situation. See page hijacking and domain warehousing.
Don't Cybersquat a Big Name!
In 1999, the U.S. government passed the Anti-Cybersquatting Consumer Protection Act, which enables trademark holders to obtain civil damages up to $100,000 from cybersquatters that register their trade names or similar-sounding names as domain names. While not directly outlawing cybersquatting, it was an attempt to improve the situation. See page hijacking and domain warehousing.
 | Reproduced with permission from Computer Desktop Encyclopedia. Copyright (c) 1981-2009 The Computer Language Company Inc. All rights reserved. |
Additional Resources
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