present participle. The practice of obtaining and holding an Internet domain name that uses a company s registered trademark name. Also: cyber-squatting.
—cybersquat, v. Also: cyber-squat.
—cybersquatter, n. Also: cyber-squatter.
Example Citation:
In nailing down the details of their $ 81 billion deal over the past five months, executives at Exxon Corp. and Mobil Corp. forgot at least one: registering their new corporate address on the Internet.
Yesterday, the two companies discovered that S.H. Moon—an obscure Korean entrepreneur with no connections to either Exxon or Mobil—had beaten them to it. After spotting press accounts about the oil giants negotiations last week, Moon staked an official claim to their most likely future addresses on the World Wide Web, registering ExxonMobil.com and Exxon-Mobil.com as his own.
The practice, known as cyber squatting, is not only legal, it can be highly lucrative.
—Paul Farhi, A Web Squatter Beats Exxon Mobil to Its Site, The Washington Post |
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