Some of you may know Swetha by her domain sales which have earned her millions in returns. But according to Mike Mann, one of the longest domainers in the industry, claims that "Swetha" is just a fake name used by Dan Negari (owner of the .XYZ extension) to purchase his own domains to entice people into buying xyz domains. What small amount of money he may lose paying a commission fee, he'll make up for enticing people into buying .XYZ domains.
Dan Negari was sued for doing something similar years back for inflating sales number by giving away free .xyz domains to customers without their consent.
domainincite.com
Any Babiato users who purchased .xyz domains believing they had a shot at reselling them for $$$ just like "Swetha", may want to stop and reconsider renewing their domains.
Dan Negari was sued for doing something similar years back for inflating sales number by giving away free .xyz domains to customers without their consent.
Verisign sues .xyz and Negari for “false advertising” - Domain Incite
Handbags at dawn! Verisign, the $7.5 billion .com domain gorilla, has sued upstart XYZ.com and CEO Daniel Negari for disparaging .com and allegedly misrepresenting how well .xyz is doing. It's the biggest legacy gTLD versus the biggest (allegedly) new gTLD. The lawsuit focuses on some...
domainincite.com
Any Babiato users who purchased .xyz domains believing they had a shot at reselling them for $$$ just like "Swetha", may want to stop and reconsider renewing their domains.
