OpenAI Acquires chat.com Domain for $15.5M in Strategic Expansion Move

By Byte Staff News
FILE PHOTO: Sam Altman attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria/File Photo - RC2NE4AGQHE0

The domain `chat.com` has a rich history, dating back to its registration in September 1996. Recently, it changed hands when Dharmesh Shah, the co-founder and CTO of HubSpot, purchased it in 2023 for $15.5 million, making it one of the top two publicly reported domain sales ever.

A Significant Sale

The purchase of `chat.com` by Dharmesh Shah is a significant event in the domain industry. The domain is considered a highly valuable asset due to its short, memorable, and generic nature, which makes it desirable for a wide range of businesses and individuals. The $15.5 million price tag is a testament to the domain’s worth and the increasing value of premium domain names.

The Domain’s History

The domain `chat.com` was registered in September 1996, during the early days of the internet. It has since been used for various purposes, including chat services, forums, and other online communities. The domain’s long history and its association with the concept of online communication have likely contributed to its high valuation.

The Buyer’s Perspective

Dharmesh Shah, the co-founder and CTO of HubSpot, is known for his expertise in the technology industry and his savvy business decisions. The purchase of `chat.com` is likely a strategic move for Shah, who may have plans to leverage the domain’s potential for his own ventures or to capitalize on its resale value in the future.

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