The practice of purchasing Internet domains that are valuable to other people, companies, or organizations is:

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Domain squatting, also known as cybersquatting, involves registering, using, or selling a domain name with the intention of profiting from the goodwill or trademark of someone else's brand. This practice is considered unethical and often illegal, but some individuals or companies engage in it to make money by selling the domain back to the original owner or by redirecting traffic to their own website.

The Practice of Purchasing Internet Domains That Are Valuable to Other