.co is a country code domain belonging to Colombia. It was never "designed" for businesses, simply allowed to be registered by anyone outside of the country.
My bad. Then it's a de factor usage by businesses. As per the wikipedia page
"Actual use: .CO top level domain has become the leading global alternative to .com for innovators, entrepreneurs and startups"
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.co is a country code domain belonging to Colombia. It was never "designed" for businesses, simply allowed to be registered by anyone outside of the country.
My bad. Then it's a de factor usage by businesses. As per the wikipedia page "Actual use: .CO top level domain has become the leading global alternative to .com for innovators, entrepreneurs and startups"
But you're right, that was not the first intent.