5th Apr, 2007

Like A Good Monopoly, Verisign Is There

Categories: Domain Names     Posted by: CVOS

Monopoly isn’t just a boardgame for kids, its a great business to be in! ICANN, the international regulator of domain names gave Verisign complete control over all .com names.

Any registrar such as godaddy.com, enom.com or registerfly.com has to buy their names from Verisign at whatever cost Verisign sets. There is no other provider. They increased the price 7% instantly booking $27 million in new revenue.

Fun!

Anyone want to bet on another 7% increase next year?

Read more at TechCrunch.

Responses

*applauds*

By: Luke U. on April 21st, 2007
at 11:35 am

[…] deal to me, and a good indicator that high speed internet prices will be falling in the future. Competition is great for the internet marketplace, and telcos are in a fierce battle with cable companies over […]

By: Verizion DSL $14.99 For Life on September 20th, 2007
at 11:44 am

[…] Google really tried to sugar coat this announcement, but quite soon we may be seeing another result of Google’s application development framework: monopoly. […]

By: The Gphone Will Change the Mobile Internet on November 5th, 2007
at 1:25 pm

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