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Giving you an example if Amazon founder Jeff Bezos never took a step ahead to bring business to the online platform. Then he ever could be one of the successful and Billionaire people of this era? The answer is NO!
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If he never took the step and thought to launch Amazon. Com, then he may be gets backfired. Usually, Domain Name is the unique identity which defines the unique appearance of an online platform.
Giving you an example Amazon. Com the phrase before domain extension is the domain name. US these are domain extensions.