Renting a domain for the the sole sake of selling the ability to rent it to someone else or even worse: Renting it at a higher price to someone else and pocketi

Renting a domain for the the sole sake of selling the ability to rent it to someone else or even worse: Renting it at a higher price to someone else and pocketing that extra money every year without providing any additional service. Bonus points if you also track recent companies that have been created and immediately buy also the related domains and social media handles and extort the founders of the new companies.