Facebook paid $8.5 million to acquire the domain name 'fb.com'

Instead of typing in "facebook.com," you can just type "fb.com" and save yourself a few seconds every day! This transaction is even more ridiculous considering that back in 2005, the social network only had to pay $200,000 for the rights to "facebook.com" (back then they were known as TheFacebook!).

In case you were wondering, the previous holder of the domain wasn't an incredibly shrewd domain squatter. It was actually held for a long time by the American Farm Bureau Federation, who owned fb.com to redirect to their actual website, fb.org.