Facebook Paid $8.5 Million For FB.com
Facebook paid $8.5 million to the American Farm Bureau for the domain name FB.com that the social network's employees now use internally.
Facebook paid the American Farm Bureau $8.5 million for the domain name FB.com, now used internally by employees of the social network. The transaction might have included other related web addresses yet to be revealed.
The social network’s Chief Executive Officer Mark Zuckerberg had first revealed the purchase itself, but not the price, during the November 15 press conference announcing the new messaging platform. Today Reuters reported that the purchase price of $8.5 million.
The news wire obtained the price information from the annual meeting of the Farm Bureau in Atlanta today, where officials said the organization earned $8.5
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