Comment by sikozu
14 hours ago
I think the distinction is warranted.
Honestly if the prior Friendster company itself was bought - including all the assets, codebase and historical documents (no user details) that would've been such an incredibly interesting read.
Buying the domain and getting the trademark is still cool, just not as cool.
fwiw, I think that subjectively it's roughly equivalent in this specific case. The domain name is a huge part of the brand, and is almost equivalent to the list of prior clients.
I think that it will probably be fine if they compete in the same space of a social network, doesn't look like someone is going to go after them, the company that would have a claim against them is defunct, so even if they have a legal argument, who would raise the case? If the owners do so under their personal name it's even a weaker argument.
So in practice, in this case, subjectively I believe that it's effectively very similar as buying the company.