VeriSign filed a suit in which they requested that they be allowed to become the default domain provider after winning a no-bid contract with the Internet Corporation for Assigned Names and Numbers.
We’ve come to learn that the 9th Circuit Court of Appeals has denied the companies rehearing of the case with the Coalition for ICANN Transparency.
The coalition is looking to make .com pricing competitive.
Domain Name Wire reports on what could happen if Verisign loses:
“Should VeriSign ultimately lose, it would shake up the domain name registry market and the economics of the business. A competitive tender for the .com registry would certainly result in lower wholesale .com prices, which is currently $7.34.”
I’m a bit stricken with this case, on the one part, I didn’t want to see $50 domain names down the road, although government regulation probably wouldn’t let them get that high. On the other hand, I can’t stand the bottom feeders who register 10,000 domain names for $7.34 a piece then sit on them waiting for thousands of dollars in bids per domain to sell them off.
It’s a competitive market and it’s looking to stay that way, but the real competition these days is trying to find a domain name that doesn’t suck or cost a grand.
What do you think about the court case, should Verisign be allowed to control the .Com domain market? I’m willing to bet most people are going to say no.
Thanks To Mark Leevan for sending this one in.