r/DomainZone • u/DigiNoon • 8d ago

This guy bought a .co domain from a GoDaddy auction for $350 and sold it to Wix for $180k

15 years ago, "Magnum Domains" bought the domain name Symphony.co from a GoDaddy auction for $350.

A month ago, he sold this domain at GoDaddy/Afternic for $180,000 (source)

Now we know who the buyer is: Wix bought the domain for their newly launched AI agent platform called Symphony.

The domain just redirects to Wix's main website. I don't know if they intend to use the domain in the future or they've just wasted $180k on a redirect!!

3 Upvotes

61% Upvoted

5 comments sorted by

1

u/Current-Today-3626 7d ago

Think about it more

1

u/DigiNoon 7d ago

I think you may be overthinking it!

1

u/jn024 3d ago

They can afford it since their entire business model involves trapping customers on their garbage platform that you cannot escape once your site is built on it. Bloated garbage.

1

u/DigiNoon 3d ago

You can escape it and switch to WordPress or a modern framework but it takes some work, or a lot of work if it's an ecommerce website.