Friday, March 28, 2008

Verisign: We Like Money

If you own any domain names, get ready to give Verisign more of your money for no valid reason. They just announced another increase in .com and .net domain name registry fees.

Like all good technology stuff, you would expect the cost of domain name registrations to decrease over time. But this will not be the case for domain names following the contract approved by ICANN last year, which paved the way for annual price increases for registry operator Verisign.

When the first price increase in the history of the internet took place last year, Elliot Noss, CEO of domain name registrar Tucows lamented, "This now signals a near-annual event that will take place in all major gTLDs. It is simply wrong.”

Personally, I think Verisign is just sour because so many of their past efforts to make money in domain names have bombed only to be successfully resurrected a few years after Verisign gave up. The only tool left in their bucket is the newfangled, annual registry fee increase.

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