Shopify buys Shop.com domain from Market America
Market America has sold the Shop.com domain name A readable internet name made of labels separated by dots. Full definition of domain name to e-commerce platform Shopify, the company announced in a press release. The sale price was not disclosed. Market America bought the domain in 2011; it had previously sold in 2003 for 3.5 million dollars. The sale coincides with Market America relaunching its online business under MarketAmerica.com, a new Shopify-built site, as the company consolidates its brands and shopping technology under its original name.
in plain words
Market America sold the domain name Shop.com to Shopify, though the price was kept secret. Market America had owned the domain since 2011, and it previously changed hands in 2003 for 3.5 million dollars. Market America is now moving its online store to a new site called MarketAmerica.com.