information The Sale of Taxi.com Could Help Drive Ark Invest’s $10 Trillion Forecast

[NickB]

"When music industry entrepreneur Michael Laskow purchased the domain name Taxi.com in 1995, he never imagined he would someday be fielding offers from San Francisco to Beijing.

Now, Taxi.com is on the market."

https://www.globenewswire.com/news-...-Drive-Ark-Invest-s-10-Trillion-Forecast.html

What do you reckon it will sell for?

 

[AEProgram]

A really active broker could probably get 15 mil within a month for this name.

 

[Mister Funsky]

What do you reckon it will sell for?

I'm going to say 2.75 to 3.25 million.

 

[loredan]

I'd say between 2 to 4 mil in the current economic environment.

 

[NickB]

If he really has turned down 6 million, surely higher?

That is a big if though......

I think they are pushing for 8 figures by the look of it, will be interesting to see if they get it.....

 

[Sheogorath]

Probably worth high $x,xxx,xxx to low $1x,xxx,xxx for an end user.
But it may be a bit harder to sell it for 8 figures.
In any case, this is a top domain name that should come with a very high price tag.

 

[Alop]

If he really has turned down 6 million, surely higher?

That is a big if though......

I think they are pushing for 8 figures by the look of it, will be interesting to see if they get it.....

That’s not always the case …Taxi service is still booming ?

 

[NickB]

That’s not always the case …Taxi service is still booming ?

The supposed offer/s are for the domain only

It has a very nice backlink profile but as the website is music related most, if not all will be no good for any electric, driverless or flying taxi company they are obviously targeting

 

[xcloud123]

Unmanned Self-driving\ Driverless car \ Pilotless automobile are super hot these days in global.
in china many robotaxi projects are launched.
i think Taxi.com \ Robotaxi.com\ robotruck.com ......such domains are good for this industry tech.
if Taxi.com or Robotaxi.com be sold at high price ,
i will not be suprised.

 

[bmugford]

Cathie Wood... She throws out absurd valuations on everything.

The taxi industry is worth 100 bazillion dollars!!!

It is a good domain. It is worth serious money. Those type of delusional financial projections are not even relevant.

Companies in the field like Uber have never turned a profit and are losing billions a year.

Brad

 

[AEProgram]

Cathie Wood... She throws out absurd valuations on everything.

The taxi industry is worth 100 bazillion dollars!!!

It is a good domain. It is worth serious money. Those type of delusional financial projections are not even relevant.

Companies in the field like Uber have never turned a profit and are losing billions a year.

Brad

Great point, If I was the broker she'd be high up on the list. I know of better targets though.

 

[Kingslayer]

Cathie Wood... She throws out absurd valuations on everything.

The taxi industry is worth 100 bazillion dollars!!!

It is a good domain. It is worth serious money. Those type of delusional financial projections are not even relevant.

Companies in the field like Uber have never turned a profit and are losing billions a year.

Brad

I don’t agree with that, if an industry is worth a certain amount and it is documented it’s worth a certain amount by credible market researches, it is what it is and you have to say that if you control the .com of it on the world wide web and put the domain for sale.

As for no taxi firms ever making profit, I can’t image that is the case or there would be no taxi’s – Public transport is highly profitable and taxi’s are at the forefront of public transport.

 

[jhm]

8 figures is the optimistic end (even if possibly worth it, in theory) ...7 is likely

In my opinion

 

[bmugford]

I don’t agree with that, if an industry is worth a certain amount and it is documented it’s worth a certain amount by credible market researches, it is what it is and you have to say that if you control the .com of it on the world wide web and put the domain for sale.

As for no taxi firms ever making profit, I can’t image that is the case or there would be no taxi’s – Public transport is highly profitable and taxi’s are at the forefront of public transport.

Cathie Wood has a long history of overhyping everything in an absurd manner.

For reference purposes the entire market cap of the S&P 500 is around $35T.
$10T is such a silly valuation that is so delusional it is barely worth discussing.

The domain is obviously valuable, but it is really nothing more than a brand. It is not like it is going to unlock some magic business model to print money.

Portland, OR, June 28, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global taxi market was estimated at $69.18 billion in 2019 and is expected to hit $120.89 billion by 2027, registering a CAGR of 12.3% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

That is a long way from 10 trillion. LOL

Brad

 

[NickB]

Cathie Wood has a long history of overhyping everything in an absurd manner.

For reference purposes the entire market cap of the S&P 500 is around $35T.
$10T is such a silly valuation that is so delusional it is barely worth discussing.

The domain is obviously valuable, but it is really nothing more than a brand. It is not like it is going to unlock some magic business model to print money.

Portland, OR, June 28, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global taxi market was estimated at $69.18 billion in 2019 and is expected to hit $120.89 billion by 2027, registering a CAGR of 12.3% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

That is a long way from 10 trillion. LOL

Brad

Yeah, I think Allied gave a forecast of around $800 billion for the whole Electric Vehicle market by 2027 - this includes cars, trucks, trains and rail (I think) so even the whole sector still comes in under a trillion.......Puts her figure into perspective

What do think the domain will go for?

 

[bmugford]

Yeah, I think Allied gave a forecast of around $800 billion for the whole Electric Vehicle market by 2027 - this includes cars, trucks, trains and rail (I think) so even the whole sector still comes in under a trillion.......Puts her figure into perspective

What do think the domain will go for?

It is a great domain that is likely to sell (justifiably so) in the several million range, but to introduce these $10T valuations just makes it look completely delusional and that is also largely unrelated to the value of the domain itself.

Brad

 

[Kingslayer]

but it is really nothing more than a brand. It is not like it is going to unlock some magic business model to print money.

Then you don't know the power of single word.com's and don't follow stories how businesses have competely taken off and domains more or less paying for themselves in a short space of time when companies pay the premium (6 or 7 figures) getting the domain they wanted. Would Hotels dot com be as sucessful as they are today without that domain and building around that domain? Booking dot com?

I think it’s more than a brand, it’s an industry, you want a taxi you go to taxi dot com. I can envision an Uber like service built around ‘Taxi dot com’ with ‘Taxi dot com’ on the side of each vehicle. The brand could be distinctive and one of the most recognisable brands around the world to the right company.

Could you do that with name like ‘Uber’ ? sure! But how long did it take to build the ‘Uber’ brand up? How many people never knew how to spell it? A company with huge backing wanting to jump right to the top and compete with Uber from day 1 can do that with Taxi dot com and that’s what this domain can do for a company, another name may take years and many millions promoting it.

 

[bmugford]

I think it’s more than a brand, it’s an industry, you want a taxi you go to taxi dot com. I can envision an Uber like service built around ‘Taxi dot com’ with ‘Taxi dot com’ on the side of each vehicle. The brand could be distinctive and one of the most recognisable brands around the world to the right company.

This is Uber's net income for the last (5) years.

2016 -3.02B
2017 -3.85B
2018 -2.83B
2019 -8.59B
2020 -4.21B

They have lost more than 23 billion over the last (5) years.

You think the Taxi.com domain would magically change that for Uber? Nope.

Uber is not losing money because of their brand, they are losing it because their business model sucks.

Also, Uber's best performing division is related to delivery not taxi services.

Like I said, it is a high quality domain but it is not going to unlock some magic formula to make money.

It is also nowhere comparable to a domain like Hotels.com IMO. Cars.com is more on that level. Taxi.com is great, but not that type of level in my view.

Brad

 

[Kingslayer]

This is Uber's net income for the last (5) years.

2016 -3.02B
2017 -3.85B
2018 -2.83B
2019 -8.59B
2020 -4.21B

They have lost more than 23 billion over the last (5) years.

You think the Taxi.com domain would magically change that for Uber? Nope.

Uber is not losing money because of their brand, they are losing it because their business model sucks.

Also, Uber's best performing division is related to delivery not taxi services.

Like I said, it is a high quality domain but it is not going to unlock some magic formula to make money.

It is also nowhere comparable to a domain like Hotels.com IMO. Cars.com is more on that level. Taxi.com is great, but not that type of level in my view.

Brad

I'm not one for comparing domains. For me it's a tier 1 domain ie best of the best and premium even for single words which have a standard rate of 6 figures even for investors.

Domains like Sports/Cars/Hotels/Investing/Marketing/Poker/Casino are tier 1 domains, Taxi belongs on this list, where people rank it is irrelevant, fact is it's a potential multi-million $ asset.

Ps:- I've noticed you type domains out in full (ie they get bookmarked into Google), I'm sure you wouldn't like it if people do that with your domains, so just a suggestion, don't type domains out in full when talking in a negative way (or even positive) about someone's asset, the owner has probably not requested this thread to be posted here and if a potential buyer of Taxi dot com searches Google and tracks the domain to this thread and sees your 'opinions' on the domain and how much you think it's worth, this is not an appraisal thread, it doesn't help with a potential sale.

 

[NickB]

Ps:- I've noticed you type domains out in full (ie they get bookmarked into Google), I'm sure you wouldn't like it if people do that with your domains, so just a suggestion, don't type domains out in full when talking in a negative way (or even positive) about someone's asset, the owner has probably have not requested this thread to be posted here and if a potential buyer of Taxi dot com searches Google and tracks the domain to this thread and sees your 'opinions' on the domain and how much you think it's worth, this is not an appraisal thread, it doesn't help a potential sale.

I disagree - the owner and their broker have made their intentions very clear that this domain is for sale and promoted it via Global News Wire (that link is on page 2 now) this means the information is out in the public domain and can be commented on just like any other news story......

 

[bmugford]

I'm not one for comparing domains. For me it's a tier 1 domain ie best of the best and premium even for single words which have a standard rate of 6 figures even for investors.

Domains like Sports/Cars/Hotels/Investing/Marketing/Poker/Casino are tier 1 domains, Taxi belongs on this list, where people rank it is irrelevant, fact is it's a potential multi-million $ asset.

Yep, as I already said it is a multi-million dollar domain.

At the same time the delusional talk of $10T valuations and the other fluff is completely irrelevant to this domain.

They are not mutually exclusive. Both are true.

Ps:- I've noticed you type domains out in full (ie they get bookmarked into Google), I'm sure you wouldn't like it if people do that with your domains, so just a suggestion, don't type domains out in full when talking in a negative way (or even positive) about someone's asset, the owner has probably have not requested this thread to be posted here and if a potential buyer of Taxi dot com searches Google and tracks the domain to this thread and sees your 'opinions' on the domain and how much you think it's worth, this is not an appraisal thread, it doesn't help a potential sale.

Thanks for the unsolicited advice, but this is a discussion about Taxi.com. The title says Taxi.com, the first post by the OP says Taxi.com. Their own press release says Taxi.com.

If they didn't want discussion about it, they shouldn't have issued a press release about it.

Additionally, I am not sure how saying a domain is worth millions is "negative".

Brad

 

[Kingslayer]

I disagree - the owner and their broker have made their intentions very clear that this domain is for sale and promoted it via Global News Wire (that link is on page 2 now) this means the information is out in the public domain and can be commented on just like any other news story......

That's fair enough. I found the article interesting, so thanks for posting it. But how this news story turned into appraisal thread is not good in my opinion plus how other domains have been typed out full in here, which I'm sure the owners have no knowledge of, it doesn't sit right with me, I wouldn't like it if it was my domain (if I never requested it) and I'm sure many others wouldn't either including yourself.

 

[bmugford]

That's fair enough. I found the article interesting, so thanks for posting it. But how this news story turned into appraisal thread is not good in my opinion plus how other domains have been typed out full in here, which I'm sure the owners have no knowledge of, it doesn't sit right with me, I wouldn't like it if it was my domain (if I never requested it) and I'm sure many others wouldn't either including yourself.

The press release itself is discussing offers and valuation, so it is a natural discussion from that aspect.

Anyone considering spending millions on a top tier domain is not going to care what some random people on a domain forum say.

Brad

 

[Kingslayer]

The press release itself is discussing offers and valuation, so it is a natural discussion from that aspect.

Anyone considering spending millions on a top tier domain is not going to care what some random people on a domain forum say.

Brad

I can go into more detail on this, but feel the more I say will just add to it in a negative way which I don't want to do, so this will be my last reply on it.

But in short, people's opinions do matter and potential buyers do use backlinks as a negotiation tactic, I've done it myself as a buyer, i've been involved in large deals (both buying and selling) so know how it works and sellers use the same tactic (indexing) for 'hype' - Rick S (censored name) is a classic example of this, do people really believe $120 million is serious or just promotion when people type the domain into Google (today/tomorrow/years from now) to up the price for what they would really sell for?

The internet is a powerful tool and what you say stays on it forever.

 

[NickB]

That's fair enough. I found the article interesting, so thanks for posting it. But how this news story turned into appraisal thread is not good in my opinion plus how other domains have been typed out full in here, which I'm sure the owners have no knowledge of, it doesn't sit right with me, I wouldn't like it if it was my domain (if I never requested it) and I'm sure many others wouldn't either including yourself.

I think I started it by asking "What do you reckon it will sell for?"

If you look at my recent posts in the news thread I don't normally ask questions, just post the info.....

If I had a multimillion pound domain and started to actively market it, promote the industry it's involved etc on news sites I would expect people to comment, question and offer opinions on it. If I did not I would make sure myself and the broker kept our mouth shut and would sign a non disclosure agreement with the buyer once sold......

It's all good, we can agree to disagree on it.