Americans are deserting .com (1.Viewing)

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Forget China, Verisign is now seeing most of its domain sales weakness coming from the US.

The company revealed in its quarterly earnings call last week that .com and .net were down by a combined 1.1 million names in the third quarter, and 850,000 of those losses were from American registrars.

CEO Jim Bidzos told analysts that the weakness was a result of US registrars concentrating more on making existing customers more profitable and less on acquiring new customers.

Registrars are raising prices and pushing more secondary market sales, he said. That’s great for the registrars’ bottom lines, but it doesn’t help Verisign shift product.


Read more: Americans are deserting .com - Domain Incite
 
And the consistent 10% per year price increases didn't have any effect at all. :ROFLMAO:

Once the US gave ICANN over to foreign interests, the whole organization became one big cash-grab full of kickbacks and sweetheart deals.
 
And the consistent 10% per year price increases didn't have any effect at all. :ROFLMAO:

Once the US gave ICANN over to foreign interests, the whole organization became one big cash-grab full of kickbacks and sweetheart deals.
At least they shouldn't be able to increase prices for the next two years.

I don't see the connection to foreign interests, though; VeriSign's right to increase prices stems from a settlement in a lawsuit about Sitefinder. VeriSign was resolving even unregistered domains, and ICANN told them to stop doing that. Verisign sued ICANN, and they settled out of court. The result: Basically keeping the contract assigned to them and allowing price increases.

I see that the Trump administration may favour VeriSign's side over ICANN's and consumers, so they might get the right to further price increases.
 
I don't see the connection to foreign interests, though; VeriSign's right to increase prices stems from a settlement in a lawsuit about Sitefinder. VeriSign was resolving even unregistered domains, and ICANN told them to stop doing that. Verisign sued ICANN, and they settled out of court. The result: Basically keeping the contract assigned to them and allowing price increases.

My entire point revolves around how Verisign got the contract in the first place, and why it hasn't been revoked.

There are still a few good people at ICANN but their numbers are dwindling quickly.
 
The headline is sensationalism.

It's not like hordes of end users are moving from their .COM to .somecrap.

It could read something like - ".COM price increases lead to more crap domains dropping".

There are around 160 million .COM regs. There are not really that many quality combos worth owning.

These are not end users dropping domains. They are going to be domain investors, and others who are carrying largely worthless domains. At some point, with rising prices, you cut the cord.

You can see .COM registrations kind of took off a bit during peak COVID, then dropped slightly.

That has been the case with a lot of "investments" from sports cards to NFTs.

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Got that and agree. Still don't understand the foreign interests part in this though.

Basically, while the USA is corrupt, they don't hold a candle to the insane, rampant corruption found in many other parts of the world.

This statement isn't even open to debate, as our of the 180 countries rated by the CPI, the US is the 24th best, while the vast majority of African, South American and East Asian countries are red-lining the corruption index to the point the rampant corruption is now a way of life. North America, Australian and Western Europe are still firmly in the yellow territory.

ICANN moving from US to foreign control was viewed by many (and openly by foreign proponents) as readying a cash cow to be milked and then slaughtered. Look at the .WEB auction process - it was changed to allow ICANN to directly receive $135 million in proceeds, rather than spread among the auction participants, as is traditional. Since the move to foreign control, ICANN attempted to extract $1 per domain from registrars competing with NSI (until lawmakers and critics shut it down), has been the subject of many collusion and bribery accusations and investigations (including the DOJ taking ICANN payments for insider info), as well as changing to "closed door" board meetings to keep their dealings top secret.

The list of illicit corruption, backroom dealings and other shenanigans that ICANN has pulled or tried to pull since the switchover to foreign control could fill this entire forum, and I'm sure George K has a long file on it.

And if you believe the timing is all one massive coincidence, then say hi to the Easter Bunny for me.
 
Thank you for sharing the details DomainRecap @DomainRecap there's a lot to unpack here, I'd love to talk about this in person or on the phone at one time, as I do have a bit of a different understanding of the process and timelines here and likely also the term "foreign control".
 
as I do have a bit of a different understanding of the process and timelines here and likely also the term "foreign control".

I was simply speaking as a North American, and referring to the point where the U.S. Government fully ceded control of the management of the domain name system and transferred it to a new non-profit corporation based on 'full global participation'.

IOW, the US transferred full control to "global interests", which then created an environment where certain "foreign interests" started to take control and began slaughtering the ICANN cow. At one point, a large portion of ICANN brass were from a certain part of the world, along with many other country's designates chosen who were (coincidentally of course) originally from that same part of the world.

Due to critics calling ICANN out and threats from the DOJ, this type of behaviour has been curtailed for the most part, but the damage is already done.
 

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