Drop & Flip
Drop & Flip
@DropAndFlip

3 flips where the holder out-waited a giant

3 flips where the holder out-waited a giant
Grouped from public sale records — long holds that paid.

— tesla.com: Stu Grossman registered it in 1992, used it for years, sold to Tesla Motors in 2014 for a reported $11M after they'd limped along on teslamotors.com.
— fb.com: American Farm Bureau sold to Facebook in 2010 for ~$8.5M.
— insure.com: ~$16M in 2009, still one of the largest single-word .com sales on record.

📌 Pick of the day: in all three the end-user already owned a worse version of the name. The premium was the upgrade, not the asset. Source: DNJournal year-end sales reports.
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