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Million Dollar Domains

29.4.2014 by Jenn Granger

Millionaires are confusing. They love to buy Ferraris, mansions, islands…and er, Internet domain names. A two-letter web address has just been sold for $3.6m (£2.1m), making it the most expensive domain name purchased in 2014, and proving that domains have some serious desirability. Xiaomi, a smartphone firm from China, has just splashed out on mi.com, smashing the price paid for 2014’s previous leader – whisky.com – which sold for $3.1m (£1.8m). Until now, mi.com was a parked domain (there was no content on the site), which suggests it was held by an individual or company looking to sell it for…