Internet Business Daily

I have been doing a lot of reading lately, trying to keep up with everything going on in the Internet industry. I wanted to share what I have been reading lately. As I mentioned in my last post, I started using Google Reader to feed all the sites I read to one useful page. You can see what I read here. These are the articles I have chosen specifically to share with everyone.

Google buys Feedburner for $100mil
In addition to that, I would like to list a few stories that are worth mentioning. First is the Feedburner story. Google has finalized a deal to purchase Feedburner (which I use as my RSS feeder on this website) for $100million. This was a very smart move for Google for a few reasons. They already dominate the text ad market, and with the purchase of DoubleClick they will dominate the display ad market. RSS feeds are another outlet for advertisers, and Feedburner is the number one overall feed site.

.cm Domain Name Scandal
Another big story to break was the .cm domain name scandal. Basically what a domainer (wiki that term if you don’t know what it is) figured out is that the .cm domain names were just one mistype away from the .com money makers. The .cm domains belong to Cameroon, a country in Africa. Kevin Ham worked out a deal with the Cameroon government to send any traffic that went to a .cm domain that had not been registered to agoga.com, his website. This website would serve ads from Yahoo! and he made large amounts of money. He never actually registered any of the domain names, so he was free of any copyright issues. Smart man I must say.

These are the big stories I have been reading lately. Stay tuned for more noteworthy news.