A web property is a point of presence (e.g. a website, social media account, blog, etc.)
on the web that is an asset of an entity (e.g. an individual or corporation) used for the purpose of representing a brand, person or other identity.
[2][3] Two current legal cases are likely to set precedent in this area, § PhoneDog v. Kravitz and § Eagle v. Morgan.
However, if the point of presence was created for a business (e.g. a corporation), then the law is not entirely settled though two cases are currently working through the courts: PhoneDog v. Kravitz is a "lawsuit involving a web-based company and a former employee [which] has put a spotlight on the ownership and value of a Twitter account begun by an employee under the auspices of his employment, but continued by him, under a different name, after he terminated his employment.
"[6] In 2010 Sawbeh Information Services Company (SISCOM) purchased Edcomm from Linda Eagle and her partners.