Twitter Squatting Becomes Lucrative Business

May 1, 2009

(ChattahBox)—Twitter names are becoming a lucrative commodity that are now available for sale, as former domain squatters now hope to make a quick killing on Twitter squatting. As Twitter becomes more popular, many desired names are quickly disappearing. New users are already forced into the ubiquitous numeric web handles like, John_2009

A new site has been created named, Tweexchange, offering a central marketplace for all the Twitter squatters to hawk all the hot names they have been anxiously sitting on, since Twitter arrived on the social networking scene. Tweexchange lists handles for sale or exchange and also offers a useful service to check on the availability of a name.

Selling Twitter names for cash is supposedly against Twitter’s TOS, but it would be difficult for the company to enforce such a rule. Just recently CNN was forced to “acquire” the handle CNNbrk from the owner, James Cox. Both parties are not revealing how much Cox was paid. CNN maneuvered around the rules barring selling of handles by hiring Cox as a consultant.

The Tweexchange site now has a banner announcing: “All the Cool Kids are Doing It.” “CNN Recently Bought CNNBRK.”

How much would you pay for the name, “AskAPlumber?” Well the owner thinks he/she can get $500 for it. Maybe Joe the Plumber may be interested. He can issue his tweets of wisdom on the socio-economic-political issues of the day via Twitter.

A look at the nearly 200 Twitter handles for sale on Tweexchange, shows a few recognized company names, such as “coldwatercreek” with a message to contact the owner for pricing. Apparently the owner thinks he/she is sitting on a goldmine and doesn’t want to undersell the “hot” name. Other names like, “santa,” the owner is willing to let go for best offer.

Some of the handle pricing is a bit confusing. For example, “sex_drive” is listed for sale at a pricey $5,000.00. And yet the owner of “FoxNewsAlerts” is only seeking a measly $100. Rupert Murdoch can surely afford at least a million.

The White House just today, launched a Twitter account, “@thewhitehouse” It will feature tweet updates from the White House media team. In less than 24 hours, the White House Twitter account already has more than 2,000 followers.

Oh, and the White House didn’t have to resort to purchasing the White House moniker from Tweexchange. It was already in use by the Bush administration. The Obama administration simply dusted it off and freshened it up with a new background and avatar.

Source


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18 Responses to “Twitter Squatting Becomes Lucrative Business”

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