DOVER, Del. — A disgruntled investor has sued Bible.com, saying the website’s name alone should make it a “goldmine” — or at least more profitable than it is.
James Solakian filed suit against Bible.com Inc. in Delaware Chancery Court. He says the website should be worth at least as much as Dictionary.com, Reference.com and Thesaurus.com, which together sold for $100 million in 2007. Arizona pastor R.S. “Bud” Miller registered the domain name in 1996 for $50. Solakian acquired 28 percent of the company’s equity in 2001.
Bible.com did not return requests for comment. According to the website, it draws more than 2 million visitors each month and is part of a nonprofit ministry that offers daily devotionals, Scripture verses and biblical answers for topics such as voting and masturbation.
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