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'Cybersquatting is taking a domain name not for your own use, but instead so you can sell it to an inflated price to someone who really does want to use it.
It happens all the time to domain names related to people, places, and things. The people who do it are sleazy, scummy, and want to make an easy and quick buck. It was especially prevalent in the early days, when people were unaware of the moneymaking possibilities of the world wide web. Nowadays companies try to be proactive and buy up domain names to prevent cybersquatters from using them.
When companies do not buy up cybersquatted domains, the domains lead to spammy "survey" and link sites.
Cybersquattings can include words phrased differently, differing top-level domains (such as .net instead of .com), common misspellings (ourwigdets instead of ourwidgets) and omissions of punctuation (i.e. wwwgoogle.com instead of www.google.com)
Tech geeks often use it.
- That fashion designer can't get that domain name. That cybersquatter has it, and it would cost her too much money.