How are you a domain squatter if you owned the domain before the company existed?
Arguably you can still be squatting even if you own the domain first, for example if you never used it and then when the company formed you kept renewing it in the hopes of a big payday. The intent is still to squat even if the ownership proceeded the value.
It's talking about domain names desired by BIG companies. Companies with functional legal departments.
You have no inherent right to a domain name, even if you purchased it first. Those domain names represent trademarks. The only way you can defend yourself from having your domain seized is by demonstrating legitimate use in commerce.
Are you saying these people formed businesses and purchased domain names for the sole purpose of selling them for big bucks to companies that don't exist yet? That's insane.
The huge companies don't have an inherent right to a domain that someone else has registered unless they can show that the person registered it for no legitimate use and only so that they could turn around and sell it.
No I did not say that. But I'm glad you created and responded to your own strawman, always useful.