Mark Zuckerberg buys domain named after his daughter from Kochi boy for $700

New Delhi: The popular social networking giant Facebook founder and CEO Mark Zuckerberg just bought a domain whose name is the same as his daughter from Amal Augustine, an engineering student from Kochi.

Interestingly, Amal Augustine had bought the domain and registered as 'maxchanzuckerberg.org' when Mark Zuckerberg announced the birth of his daughter, Maxima Chan Zuckerberg (Max) on December 1, 2015.

Now, the Kochi boy had sold the same domain to Mark Zuckerberg for $700 which is around Rs 46,000.

According to a report in Times of India, Facebook had approached Augustine for the domain name registered by him as it was the short form of Maxime Chan Zuckerberg, the name of FB founder Mark Zuckerberg's daughter.

Amal Augustine is 21-year-old electronic and communication engineering student at KMEA Engineering College, Aluva, Kochi.

This online process of making money by selling and buying domain is called cyber squatting.