A person or business that registers domain names (often a company name or acronym) with the intent of selling the domain name to its rightful owner is called a(n):

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Cybersquatter refers to individuals or businesses that register domain names, especially those that are trademarks or company names, with the intention of selling them at a higher price to the rightful owners or interested parties. This practice is often viewed negatively as it can exploit the value of established brand names and trademarks.

A Person or Business That Registers Domain Names (Often a Company