Sanmay Ved, an MBA student from Babson College bought the Google.com domain after seeing it included in a list of websites available for purchase. The domain cost him $12 (not bad for a 367.7 billion dollar name). The sale gave Ved access to the webmaster tools for about a minute before it was spotted by Google and terminated.
At first, the famously good-humored company bristled, telling Ved they wouldn’t pay him a cent for the accidental transaction. But after learning that the graduate student is an enthusiastic Google user and his motivation for buying the domain was simply to draw attention to the glitch, Google changed their tone and issued Ved a cash reward as part of their security-vulnerability program. “I don’t care about the money,” Ved said during an interview. “It was never about the money. I also want to set an example that it’s people who want to find bugs, that it’s not always about the money.”
Ved stayed true to his word and donated the whole reward (which he hinted was over $10,000) to his charity, The Art of Living India. When Google heard this, they matched his donation dollar-for-dollar.
Photo Source: searchengineland.com