Apr 05

Like A Good Monopoly, Verisign Is There

Domain Names Add comments

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.

3 Responses to “Like A Good Monopoly, Verisign Is There”

  1. Luke U. Says:
    April 21st, 2007 at 11:35 am

    *applauds*

  2. Verizion DSL $14.99 For Life Says:
    September 20th, 2007 at 11:44 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 [...]

  3. The Gphone Will Change the Mobile Internet Says:
    November 5th, 2007 at 1:25 pm

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