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By Dustin Woodard, About.com Guide to Mutual Funds since 2000

Fund.com Purchased for $10 Million

Thursday March 13, 2008
Touted as the biggest-ever domain name purchase, Fund.com is reported to have been purchased for $9,999,950 cash. Fund.com's new owner, Fund.com Inc., trades with the ticker FNDM.OB. Fidelity owns Funds.com.

SEC filings show That Fund.com Inc. (formerly Meade Technologies Inc) is a New York-based company that intends to operate an internet-based investment fund marketplace and online community at Fund.com. The site will cover various funds, including mutual funds, hedge funds, money market funds, exchange traded funds, closed-end funds, commodity funds and other types of pooled investment vehicles.

Sound familiar? Glad I have a 7-year head start on them. Looking through the filings and how they intend to make money, it will be interesting to see how much weight they place on editorial integrity.

Comments

March 26, 2008 at 7:33 pm
(1) David Hepworth says:

I had a chance to buy IPO.com for $50,000 in 1994 or 1995. I can remember when they rented the side of their page to Societe Generale for $20,000,000. Apparently, in hindsite, not SocGen’s biggest mistake.

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