Twitter Squatting
Published On 05-01-2009 , 1:47 PM
Remember domain name squatting where it seemed (and still does) that every good domain name was taken? And they were purchased not for creating websites but merely to stop someone else from purchasing them and then later selling them for an exorbitant rate.
For example, a client of mine recently paid $800 for a domain name (the same one the original owner bought for $10). Granted, in this example, it was not a bad financial move and it's now more than paid for itself thanks to the traffic and ultimate business he gets from the site.
Fast forward to Twitter (the social networking tool gone mad). The unscrupulous squatters are at it again, snaring up all the user names they can think of in hopes of selling them for profit. All I can suggest to you is that you reserve, at a minimum, your name and your company name else someone else can own these and make posts that could be harmful to your reputation or try to extort money from you to become the rightful owner.
I do believe the folks behind Twitter, when told of a situation where someone reserved a name that does not "rightfully" belong to them, may consider transferring ownership. Worth contacting them if this happens to you.
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