More evidence of irrational exuberance and Bubble v2?
Domain name speculator John Gotts set off a wave of online speculation three weeks ago when he agreed to buy the Wiki.com website for $2.8 million.
Later in the article:
Wiki.com is the startup equivalent of instant cuisine. According to Gotts, a team of engineers put together most of the site's backend in a caffeine-fueled span of 48 hours. The site runs using technology from MindTouch, a Washington wiki-software and hardware startup founded by former Microsoft employees.
Read the full article for more on how Gotts is hedging his bets.
Source: Wired News: Wiki Is as Wiki Does