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November 2009 the scandal that rocked domaining – A look back

Located in Domain Marketplace Reviews, started by equity78, Nov 16, 2019

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  1. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    A decade ago it was the scandal that rocked the domain industry, the Snapnames Halvarez bidding scandal. Mike wrote The 5 Most Surprising Things That Came Out Of The SnapNames Scandal Michael Arrington wrote at TechCrunch: SnapNames: Apologies Shouldn't Be Conditional, Especially When You Steal From Customers Mike again posted 12,000 Auctions, 8,900 Bidders and 350,000 Bids: We Conclude … [Read more...]
     
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  2. Soofi

    Soofi Punjab, India PRO VIP ★★★★★★★★★★

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    What a scandal it was... has anything changed eversince?
     
    Last edited: Nov 17, 2019
  3. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Bots replaced employees?
     
  4. Soofi

    Soofi Punjab, India PRO VIP ★★★★★★★★★★

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    ..and auction platforms removing "unknown to public" bids without any accountability ;)
     
  5. donnied79

    donnied79 Top Contributor VIP ★★★★★★★★★★

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    I've never placed a bid again in an auction since that scandal.
     
  6. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Anywhere or just Snapnames?
     
  7. donnied79

    donnied79 Top Contributor VIP ★★★★★★★★★★

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    Anywhere. At Snap they have been caught but I lost trust in all the auctions.
     
  8. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Thanks @equity78 for sharing the links to the articles that those of us who were not active in domains back then probably have never read.

    I find the comment of @donnied79 interesting, and wonder how many others were turned off domain auctions so that they have largely turned away from auctions because of lack of trust.

    That the situation went on so long, for so many different domain auctions, would be concerting. There was talk of refunds, did people who had won auctions that were bid up by the individual later get compensates?

    Does any domain auction platform offer full identity of the bidders while the auction is going on? I guess NamePros does but only for those who use their recognizable identity either via username or signature to site that shows identity.

    Thanks again.

    Bob
     
  9. Mister Funsky

    Mister Funsky Top Contributor VIP

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    Wow...ten years.

    I haven't thought about that site in years...is it even still running?
     
  10. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Snapnames? Yes
     
  11. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    That event forever changed the domain name aftermarket but it didn’t scare me away from the auctions, it just made me smarter in the aftermarket actually. The hit to the industry was tremendous at that time, the domain name economy was booming and name flippers were pretty devastated by the shill bidding news, it put about a 6 to 10 month damper on the industry, but recovery was fairly fast with minimal casualties after all was said and done.
     

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