Time to rethink that get-rich-quick strategy of buying up Facebook-like domain names.
Tuesday, the United States District Court of Northern California ruled in favor of Facebook in its case against typo squatters, aka parties that were squatting on various misspellings of Facebook's trademarked domain name.
The 11 named defendants in the case were ordered to pay the social network damages ranging form $5,000 to $25,000 per domain, with additional fees tacked on for bad behavior like redirecting visitors to other sites. Each was also ordered to transfer the rights to their domains to the company.
In total, … Read more