Verisign probed by US Dept of Justice over $135m .WEB auction

Discussion in 'New GTLDs' started by owl, Feb 17, 2017.

  1. owl

    owl Canada Active Member

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    https://www.theregister.co.uk/2017/02/10/doj_investigating_auction_of_dot_web/
     
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  2. Connected

    Connected United States Member

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    While competition is a good thing, industries like this can be over-competitive. Meaning that it can lead to shady deals getting done in order to gain an advantage over the competition. Maybe that's what the DOJ is thinking.
     
  3. owl

    owl Canada Active Member

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    It definitely was shady, but ICANN is to blame. They knew that Nu Dot Co. was Verisign bidding.
     
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  4. Dusart

    Dusart South Africa Banned

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    Well, it doesn't really come as a surprise, though, does it? These kind of companies just want to dominate on the market, and there is no line they will not cross to have that title.
     
  5. Connected

    Connected United States Member

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    It's sad that there seems to be such a fine line between competition and greed. Blurred lines like this have always been bad for any kind of business.
     
  6. owl

    owl Canada Active Member

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    Seeing how these new registries have operated with taking domains back, jacking up prices, premium renewals, zone stuffing, lying about usage, financial health, etc. I'm glad they didn't win .WEB.

    Maybe it is for the best Verisign won .WEB? Or will .WEB be run the same way?
     
  7. Connected

    Connected United States Member

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    It's Verisign.........what do you think? You talk about other companies being shady, but Verisign is no angel here, we all know that. While apparently it was legal, going through Nu DotCo like they did just smacked of backroom dealing.
     
  8. owl

    owl Canada Active Member

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    Never said Verisign was an Angel. I simply stated that new domain registries practices have been ridiculous. You agree with that?

    Verisign was the first company to introduce premium renewals with .TV. Perhaps .WEB will not be run differently? Of course .TV did away with it when they realized it wasn't working.

     
  9. Swisslist

    Swisslist United States Member

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    That's the thing Owl.......the market will always decide what the players will ultimately do. If Verisign wants to continue being a bunch of weasels.........they'll find out sooner or later that it won't work with us. At least the ethical among us.
     
  10. owl

    owl Canada Active Member

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    The market decided premium renewals don't work. People want to pay $10 - $20 per year for .com domains.

    I imagine Verisign wants the $135 million back at some point. Or do they? :)

    They have the largest registrar network from running .com/.net so launching .web will be easy. If they intend to launch it. It was a smart defensive move.

    Will the .web wholesale price be similar to that of .com? Maybe lower to undercut competition?

     
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