We haven’t had a good example of an unethical website for a while, but here’s a classic.
Describing itself as the doorway to a “sneaky but ethical” way to make lots of money fast, with no talent or benefit to society while going by a name—domainscalping—that accurately describes its so-called business for the slimy and unethical practice it is, this site wins multiple prizes for forthright sleaze and ethical ignorance.
The site sells an efficient and profitable method of cyber-squatting, which is buying a web domain name that has no relevance to you or your business, so you can eventually sell it to a business or blogger who has a legitimate use for it. This is the kind of activity that Montgomery Burns, the diabolical tycoon on “The Simpsons,” would call ethical. It is in the same category as buying up all the medicine in an isolated town so you can sell it at an inflated cost. Or, of course, buying up all the tickets to a championship game so you can sell the tickets at obscene prices to desperate fans. It is akin to the practice of hotel room gouging in towns hosting the Olympics. Of course it is unethical. It’s just that the creators of domainscalping.com wouldn’t know an ethical principle if it crawled up their noses.
It is unethical because it unjustly and without compensating benefits to society impedes the flow of information and the development of commerce. It is unethical because its practitioner unfairly gains possession of something he cannot use, simply to make it more difficult and expensive for the person who can use it and needs to use it to acquire it. This isn’t “sneaky but ethical;” it is unethical but legal…for now. There is legislation in the works that will make this practice and other cyber-squatting tricks against the law, and it can’t come too fast for me.
Ethics Alarms 
True cyber-squatting is a horrible thing. Dead domain names that simply re-direct to nefarious sites. But people who have an ineffective web presence while hosting a great name should be protected. And if they get bought out by someone richer, then fine. Additionally, just because you bought a domain name doesn’t mean you should have to use it right away, and a grace period for getting it up and running should be allotted. And what about large companies with a huge product roll-out planned in 2 years? They have a purpose for the site and it will generate commerce, but the site will remain dead while they squat on it until their product launches.
It’s all kind of a vicious aspect of our reality. But you are right about this site actively promoting the squatting of domain names to cause a problem.
No argument from me. If you think you might be able to use it, or do, and someone wants to buy it, get the best price you can negotiate. But a Wendy’s employee buying http://www.fairmortgages.com is a different matter.