Tricky Situation

An investor in Bible.com is suing the company for failing to become a profitable business. Roy Spencer “Bud” Miller, an Arizona minister, bought the domain back in 1996 for $50, and set up shop to “run the site for a sacred purpose.”

All that sounds nice and Jesus-like. Except that the company then accepted investors and wrote a business plan that included the line:

“It is the goal of the board of directors of Bible.com to become very, very profitable.”

Ooops. James Solakian, the suing investor, owns 28% of the company and despite the whole camel-needle thing, has a legitimate beef. Heck, the domain name alone must be worth millions.

Tags: , ,

Leave a Reply

Anti-Spam Quiz: