Verisign throws Domain Speculators Under the Bus. F*ck You Verisign. Apologize!

Morning Folks!!

I have been very supportive of Verisign's new price increases. I still am. But yesterday Verisign threw the domain industry and domain speculators and leaders directly under the bus and came close to calling us CRIMINALS! That was rude, it was uncalled for and as far as I’m concerned Verisign is now an enemy of the domain industry. 

That said, STUPID DOMAINERS!!! STUPID DOMAIN INDUSTRY!! This was a DUMB fight against Verisign. A fight that was nasty over pennies! The STUPID DOMAINERS were AWOL when the real fight was lost 14 YEARS ago!

Domainers called out Verisign for no legit reason!

One idiot calls them a "monopoly/mafia". Nonsense!!! They are no more a monopoly than the the Division of Motor Vehicles or your local electric company. They are meaningless in our lives. Verisign is the same. They are regulated. If not, you would be paying BIG $$$ for your assets!

When the prices go back to $100 each, give me a call. Won't be in OUR lifetime!

And Verisign, We are NOT "hiding in plain sight". That is a disgusting statement insinuating we are doing something illegal. Go FU*K YOURSELVES!

They called people who buy domains to sell for higher prices “domain scalpers”! Go F*ck Yourselves!

But domainers brought this upon themselves with the language they have use in the ridiculous out rage they have shown for really very small increases over many years while they themselves make fortunes.

Petitions??!! NONSENSE! I never saw the Domain Industry come together for anything that counted but they came together to fight a pointless losing battle. Verisign is stupid! But domainers are 10x dumber!

Hey, MORONS at Verisign, why don't you put out the number of total domains owned by speculators!? The ones YOU profit from! How many!!??

That all said (more to come) Verisign may have just ignited the domain industry like no other company could do. It gave domain speculating high visibility by a high visibility company. That’s a good thing!

 Regardless of all that it was very mean, it was mean spirited, it was uncalled for and most of all it’s simply not true. They invented the game. Domain speculators have supported Verisign to the tune of billions of dollars a year. So there’s only one thing to say to Verisign. F*ck you Verisign.

And letting me clearly say that Verisign is a meaningless company to us. They are nothing more than your motor vehicle registrar. Who gives a crap about them? They provide a service. You give him a few dollars a year and they give you a drivers license. They have a monopoly. Who gives a crap? Too many idealistic domainers taking shots at Verisign for quite a while now just got a little payback and some smack down. 

But let me reiterate again that Verisign actually gave legitimacy to domain speculators by trying to delegitimize us. A very stupid thing to do. Verisign is a bitter company. But they are meaningless to me. They mean nothing. I never talk about them. I never discuss them. They mean nothing. They are nothing more than a utility.

The good news is they are pointing to the multi billion dollar domain speculation industry. That’s us folks! A multibillion dollar industry that until yesterday was completely under the radar.

The single most important thing  to focus on is this:

"So how large is this market? The answer may shock you. Verisign estimates that over $1 billion in annual secondary-market sales of .com domain names can be documented through publicly available data. Several domain speculators believe the size of the total market is $2-3 billion a year. Perhaps $1.5 billion is closer to the actual number, which is about equal to the total annual pre-tax domain name revenue of all ICANN registry services providers combined, including Verisign.aid and SMART DOMAIN SPECULATORS"

Run with it!! Post it everywhere. Tell everyone! This is a LIFE line! But dumb domainers will focus on pennies at the expense of BILLIONS!!

Verisign is very stupid min their comments. They have made a fortune from domainers speculating and warehousing domain names. Now they complain and call out companies and individuals???

VERISIGN OWES ALL OF US AN APOLOGY!

VERISIGN  OWES ALL OF US AN APOLOGY!

VERISIGN OWES ALL OF US AN APOLOGY!

I was particularly surprised that Verisign actually mentioned names of companies and individuals in their blog post. Either way they own that blog post. They own the negative parts and we own the positive parts. WAKE UP!

So, Verisign I am very happy for your price increase but other than that please go f*ck yourselves! Go f*ck yourselves!

Quasi-legitimate industry or business? "hiding in plain sight"? Go f*ck yourself three more times assholes. The industry we have been in has been in existence for thousands of years in different forms. Calling us names and demeaning an entire group and industry is over the line! Calling us CRIMINALS??? Isn't that the point they are trying to get to with "hiding in plain sight"?

F*CK YOU VERISIGN!

There is a good chance they could use someone like Phil Corwin to lobby to change rules and laws for how many domains an entity can have. They will fail miserably in that effort. THAT is the fight my friends! But the Domainers that fought the increase are responsible for their new position! I am sure many will call me out! But sorry, this is on YOU and your idiotic petition!

I always look for a silver lining and here are some of the things we can use in the street and there’s individuals to further our efforts and legitimize what we do and have people like Verisign that try to delegitimize this pay the price.

I am sorry, VerisignSucks.com is already registered and forwards to a story about them..

Maybe I will introduce motherf*ckers.com to Verisign?

Freedom of speech works both ways!

That was mine, this was theirs!

"But there is also an unregulated secondary market – led by domain speculators – hiding in plain sight. There, some speculators buy domain names at regulated low prices, then sell them at a far higher price. This secondary market is as old as the domain name system itself. However, since the wholesale price cap was imposed on .com in 2012, the secondary market has expanded in ways that exploit consumers.

Look at the website HugeDomains.com – owned by registrar TurnCommerce – where nearly four million .com domain names are warehoused and offered for sale:


  • None are offered below $195, and 90 percent of their names are priced above $1,000.

  • The average price is roughly $2,500 per domain – a markup of more than thirty thousand percent (30,000%) over the regulated wholesale price of $7.85.

    • That’s a profit margin of over 99 percent on each sale

    • At these prices, the value of the HugeDomains’ inventory is nearly $10 billion



  • Many of HugeDomains’ names have incredibly high price tags. Here are a few examples from their website, as of November 1, 2018:

    • NeighborhoodWatch.com for $1.25 million

    • Margin.com is $3.5 million

    • Glossary.com is offered at $7.5 million

    • Even the fluff in their inventory isn’t cheap – Fluff.com is listed at $325,000




And yet, TurnCommerce has been actively lobbying our government to freeze the wholesale price of .com domain names. When they can buy .com names at capped wholesale prices, and mark them up to $2,500, $50,000, $1 million, or even $7 million, does anyone believe they are lobbying for continued price caps in order to protect consumers?

Even traditional registrars like GoDaddy have become big players in the secondary market and hold large portfolios of domain names for resale. GoDaddy’s public filings show it has spent over $100 million buying domain names for resale purposes. GoDaddy holds these domain names and then offers them to consumers and small businesses at prices that are often thousands of times the wholesale price. There’s nothing in GoDaddy’s public filings about its profits from this practice, but GoDaddy claims its domain name portfolio is worth $2.5 billion.

TurnCommerce and GoDaddy are not the only ones profiting from .com price caps. Domain speculation, or “domain scalping,” as some call it, has become a highly profitable industry unto itself. In fact, one of the top domain name speculators in this market reports a net worth of $500 million. These speculators even have their own lobbying group, the Internet Commerce Association (ICA), where TurnCommerce and GoDaddy are members via their subsidiaries NameBright and Afternic.

Ironically, in this speculators’ market, the price control on .com domain names serves only to reduce the cost of domain names bought by these speculators. Domain speculator Frank Schilling stated that the .com price cap “…has given the [domain speculation] industry a shot in the arm,” in a Jan. 2017 podcast interview. Flipping domain names or warehousing them to create scarcity adds nothing to the industry and merely allows those engaged in this questionable practice to enrich themselves at the expense of consumers and businesses.

So how large is this market? The answer may shock you. Verisign estimates that over $1 billion in annual secondary-market sales of .com domain names can be documented through publicly available data. Several domain speculators believe the size of the total market is $2-3 billion a year. Perhaps $1.5 billion is closer to the actual number, which is about equal to the total annual pre-tax domain name revenue of all ICANN registry services providers combined, including Verisign.

Recently, some who profit most from the unregulated secondary domain market have been lobbying our government to freeze .com wholesale prices. They say their goal is to protect small businesses and consumers. But their business models and domain resale prices show that their real goal is to preserve the profits they earn from .com price caps.  In fact, the real opportunity for consumer savings would come from reducing or eliminating the more than $1 billion per year in scalping fees that businesses and consumers pay today."

With Godaddy and other large companies we have some major allies to fight the REAL FIGHT I always knew would come.

"hiding in plain sight"? Verisign, you owe us an apology! I understand this looks like payback for the HORRIBLY MISGUIDED petition domainers had that I opposed. You guys won! Domainers tried to stop your win and you guys are spiking the ball. But it was wrong minded just as the petition was wrong minded!

Either way, VERISIGN OWES ALL OF US AN APOLOGY! But I will use THEIR words from now on against them and to help us!

And to the Domain Industry, this is what I wrote just 30 days ago!

"Go buy some Verisign stock! I hope the prices go up and it forces the wannabes out. Remember, I was paying $100 a pop at the start. Then $70. Then less. At $8 I am not sure why everyone is so upset. For a REAL business $8/year is a joke! You can't get a decent Burger, Fries and Coke for $8 let alone a WORLDWIDE presence!

So stop the whining! Increasing the registration prices only hurt domainers and NOBODY gives a rats ass about Domainers! I don't think a real business owning 1-10 domains cares. Why should they!?

I would suggest that some dump all their domains. With the savings on renewals just buy Verisign and you will MAKE MORE MONEY!"

Sorry, but I blame the petition for this. That won't make me a favorite of whoever created it and signed it. But if not for that nonsense that was 14 YEARS late, that blog post yesterday would have never appeared. IMHO!

And don't like my view? TOUGH!

btw Verisign, how many domain speculator shows and events have you gone to, supported or sponsored? How many of your blog posts have you emailed me about? How many land rushes did you advertise to me via email? Hypocrites!!! APOLOGIZE PUBLICLY before that all comes out and makes you look BAD!!!!!!!!

EXHIBIT A! "Hi Rick – Today, Verisign announced the opening of the Landrush Program period for the first internationalized version of the .com top-level domain (TLD) in Japanese script, .コム , is open for anyone to register on a first come, first served basis until June 12, 2016. For more information on the Japanese IDN rollout, please check out the Verisign blog post."

 

EXHIBIT B! Hi Rick – Hope you’re well! Today, Verisign released its latest Domain Name Industry Brief, which provides a review of the state of the domain name industry through statistical and analytical research. The following are the top-line numbers at the close of Q1 2016:


  • The total number of registered domain names rose to 326.4 million worldwide across all top-level domains

  • 12 million domain names were added to the Internet in Q1 2016:

    • This increase globally equates to a growth rate of 3.8% over Q4 2015

    • Worldwide registrations have grown by 32.4 million, or 11 percent, year over year.



  • The .com and .net TLDs reached a combined total of approximately 142.5 million domain names in the domain name base in Q1’16

    • The base of registered names in .com equaled 126.6 million names, while .net equaled 15.9 million names

    • Verisign processed 10 million new domain name registrations for .com and .net, as compared to 8.7 million domain names for the same period in 2015.



  • Verisign’s average Domain Name System query load was 124  billion across all TLDs operated by Verisign, with a peak of 189 billion


For more information, copies of the Q1 2016 DNIB, or to view past reports, visit VerisignInc.com/DNIB, where you can also find the Q1 2016 infographic. Please let me know if you have any questions.


 

EXHIBIT C! Hi Rick – Hope you’re well! In case you missed it, I wanted to flag the latest post in Verisign’s blog series on the top 10 keywords in registered in .COM and .NET each month. For quick reference, here are the trending registrations from June:


 

When they can make money from us they love it! They encourage us to register domains as speculators Then they compare us to CRIMINALS? GO F*CK YOURSELVES VERISIGN!!

If you want to start a petition (and I don't), maybe protecting your actual LIVELIHOOD from VERISIGN and their LOBBYISTS is more important than PENNIES for a damn registration!!!!~!~

For smart people all around on both sides, you all do some of the dumbest things I have ever seen. Verisign should be banned from ALL domain events until they clear the air. Persona Non Grata!

Verisign has been "In Bed" financially with domainers for many years and now we are "hiding in plain sight" and "Scalpers???!! MotherFu*kers!

If you can sign that worthless petition that brought all this, then you can post your outrage here or possibly admit the petition was a DISASTER! Thanks!!!!

By the time Monday morning comes and these ingrates and hypocrites show back up to work at Verisign, their ears should be on fire for being exposed! Are they not encouraging us to buy, then trafficking and profiting in the same thing they are accusing us of doing and "hiding in plain sight"?!

Rick Schwartz

 



44 thoughts on “Verisign throws Domain Speculators Under the Bus. F*ck You Verisign. Apologize!

  1. Ben Deschenes

    The entire industry is “corrupted” starting with ICANN. Verisign is also corrupted. In fact, the so called “Justice” is protecting the criminals. Since 2011 i had been exposing all the corruption at ICANN… You can visit my site at http://www.z.quebec

    Reply
  2. staff

    Verisign Q3 PDF report ‘Investor relations’ ( investor .verisign .com /static-files/ 64801da5-d619-4274-b997-24e636eb4750 ) Page 23.

    “We also have the right under the Cooperative Agreement to seek the removal of these pricing restrictions if we demonstrate to the DOC that market conditions no longer warrant such restrictions. However, it is uncertain whether we will seek the removal of such restrictions, or whether the DOC would approve the removal of such restrictions. ”

    No comment

    ICA?
    Learn how to bake the perfect cake.

    R!
    Monopoly … that is nothing compared to the constant manipulation by xy brains.

    Reply
    1. Ben Deschenes

      ICA? Want to talk about their ex-crooked Phil Corwin who has betraved his members by joining the criminal organisation Verisign? Maybe i should expose him on http://www.z.quebec

      Verisign has it easy.. making money doing nothing basically with his monopole. Does Verisign has any competitor? Nope! it s even anti-trust their business! No merit!

      But, we won’t ear Verisign talking about their fraud with NSIREGISTRY and others?

      Sincerely,

      Ben Deschenes

      Reply
  3. DN

    Waiting for the FuckVerisign domain to pop up if it hasn’t allready. A little bit of irony,the woman mentioned in the blog post calls herself a domain collector on LinkedIn. Pot meet kettle.

    Reply
  4. Rod

    I don’t care about an apology. I care about actions. Apology means nothing, their course of action in the coming years is what matters.

    Reply
    1. TheBrandable

      That is EXACTLY the point. It’s not the pennies, it’s what comes next when they start to attempt to change everything to their favour through their monopoly and govt. Contacts. Raising by pennies is just testing the waters imo.

      Reply
  5. Danny Pryor

    Verisign definitely has the story mixed on this one, since they are charged, essentially, with managing the registries they handle. This is not a case where Verisign, having been given the management contract for the biggest gTLD in history, .com, was supposed to be permitted to sell those at whatever price it wants. That would make them a monopoly, which they are not, which is why Rick calls domainers “morons” for thinking they way they do. I agree. Pyrrhic victories litter many battlefields, both those with cannons and those with contracts.

    Verisign’s blog reads like a victim decrying the fact that, while he gets a percentage of every sale of gold bouillon, is upset that he was not simply given the gold to do with as he pleases.

    Nobody is permitted to own a domain outright; we all get a contract to use it for a specified period. Of course, we can renew as often as we wish, and in most cases, we can virtually keep a domain forever.

    What Verisign is missing is that If we take any name and make it valuable, or we recognize value and invest in a domain, knowing the risks associated with that investment, it is our prize to have when the rewards come in. Verisign has already gotten its fair portion, by being given the contract they have.

    If they don’t like the deal they made, they should hand it over to someone else.

    Reply
  6. realdomainer

    Rick.
    Danny made one comment you should consider. “while [verisign] gets a percentage of every sale of gold bouillon, is upset that he was not simply given the gold to do with as he pleases.”

    Verisign lobbies behind closed doors for what it wants. Who knows what Verisign would have gotten without any form of pushback here. This was a negotiation between verisign and the US goverment. Who had domainers sides? Verisign is, right now, trying to introduce premium prices on O.com renewals. Left unchecked it sounds like Verisign wants more. Between verisigns actions in this blog post and danny’s point/quote above, it is now clear to me that verisign wants more and wants domainers to have less. They want he money we make. Something you should care about very much and this blog posting elludes to how much they want and how much we ‘scalpers’ should not have – but they want from us instead.

    Reply
  7. Uknowledge

    Thank you Rick for the breakdown.Can the Domain industry ban Verisign from al domain events?I will be waiting to see if this will happen.Do not accept any advertisement for verisign also if they can do that .We buy names and help them do the marketing and sales and we are now called names.I would say ,any blog that Carrie’s verisign post be it paid for,should be ashamed of themselves .
    Thank you Rick.

    Reply
  8. Nick

    Shame on you Rick!!!!!

    On the one hand you say that you are insulted by Verisign, and rightly so, but on the other you say that you support their price increases. This is like feeding the enemy. Even with such a small increase, it still means millions more for your enemy. Your stance, and mine, and that of all domainers should be as simple as this:
    “Go Fuck Yourself Verisign and Hope You Burn and Die!”

    Reply
    1. Rick Schwartz

      No, Shame on YOU Nick!

      First of all if you are going to refer to my comments and qoute me only a LOW LIFE that has NO SHAME or character would have to add words and make it a quote I did not say.

      I said “Go Fuck Yourself Verisign”
      YOU added “and Hope You Burn and Die!”
      so, Go fuck yourself Nick!

      That makes you weak and a fool.

      Secondly, it was a bad battle to pick and it came 14 years too late. But I guess you are not capable of understanding history and the lawsuit against them when it actually counted and loud mouths like you never supported it.

      Reply
      1. realdomainer

        Rick, fair comments. Nobody likes words being put in their mouth.

        Also, realize while you were here 14 years ago, lots of people and companies are new in this industry and were not here 14 years ago. Had I been here 14 years ago I would have supported you and your lawsuit. It would be great if you would make a post about the lawsuit, how it went down, what happened, why it was dropped/thrown out. Please do educate us. And I ask that in the most sincere way as I was not a party nor involved, I would be very interested in knowing more.

        Reply
  9. Nick

    The key point I wanted to make is that if I target someone as being my enemy, the last thing I will support is for them to make more off of my back, even if it is just pennies. Justified or not I don’t care!! The bottom line is $$. And if you’re my enemy, I will never support such a move. And we all know these people are greedy crooks. From Verisign to ICANN. How can they justify even the smallest increase? They’re raking in hundreds of millions. I’d love to see their salaries and perks. And Rick, I know you keep bringing up the past, but it is never too late to settle a score. Only a fool never learns.

    Reply
  10. Sherman T Potter

    The King has spoken!
    i am ok with the price increase,everything else is costing more,but calling us name..fuck you verisign, you just pissed off 100 million people

    Reply
  11. BullS

    Yea F*CK YOU VERISIGN!
    F*&ing Hypocrites!!!

    calling me a STUPID DOMAINERS!!! yea F*CK YOU VERISIGN!

    f*&youverisign.com is still open

    Instead of verisignsucks. we should be naming f*&youNameOfCompany dot com now
    F*uckYouGoogle
    F*uckYouAmazon

    F*ckYouPoliticians

    F*ckYouDomainers

    Reply
  12. Jerry Kurl

    It is quite funny that Verisign is whining and complaining about how domain investors take advantage of their regulated monopoly to capture fair market value in the secondary market and then suggest, laughably, that domain investors are taking advantage of consumer and business by charging fair market value when, surely, if Verisign could just convince the U.S. federal government to lift the regulated price caps it too would be charging as close to fair market value as it could to also ‘take advantage’ of those very same consumers and businesses’ willingness to pay fair market value!

    Reply
  13. ilze

    The bottom line is that this is a business. The price increase is chump change. If you have good domains, you’ll sell at a profit. As Rick pointed out the profits are huge. As far as Verisgn, I have not read the comment, but I would like to know who personally attacked our domain industry with vile and insulting comments. Who was the author? It is easy to attack an entire company, put someone wrote those words. Who is that someone? Who represents Verisign in this debacle?

    Reply
  14. Michael Anthony Castello

    Well, I posted a comment on Jeannie Mcpherson’s Verisign blog but it never shows up so I will post it here.
    —————-

    I find it ironic that you call those of us, who registered domain names and built them into business, domain scalpers. The Secondary market your write of was created by us, not Verisign. In the early 1990’s, the internet was just barren land. We breathe life into those domain names with our creativity, time and effort. That’s what gave them value. The general public eventually saw that value because of our efforts. That is what gave .com it’s relevancy and standing in the global market. Not Verisign.

    ICANN’s later strategy of injecting thousands of new gTLDs into the domain marketplace did not have their desired effect of softening .com’s dominance because of the entrepreneurs that initially built the foundation of the internet on .com…Lucky you!

    Remember, we had no other choices but .com- .net was for networks and .org, for organizations like non-profits.

    Currently, consumers can easily find and register a .com domain in which to build a website on. The secondary markets do not prevent them.

    In my opinion, Varisign’s greatest threat, along with every domain name owner, is Google. It appears their intention is to do away with domain names and the URL. Verisign should focus its anger there.

    I personally have no problem with Verisign raising its prices. The markets and competition will naturally regulate what sells and what prices consumers will pay.

    I understand Verisign’s want for the secondary market but because you are the ones managing the .com registry, the US government requires from you a fair obligation to the general public. That’s the price you pay, You’re still making a huge amount of money with that prized contract. Enjoy it.

    Reply
  15. Ilze

    I agree Michael, and… I question whether this Jeannie McPherson…(finally read her blog) . As of now… Now… She represents the insults of Verisign. I am not defending Verisign, but I questioned this representative and her blog. She should be fired. And is Rick stated, there should definitely be an apology!

    Reply
  16. steve epstein

    The blog post is an insult , yes.
    but I think the true intent of Verisign is to send a market signal that they will build and / or buy a secondary market firm in the medium term.

    I view it as a signal to their shareholders more than a gauntlet thrown at small domainers or large domain speculators.

    remember a political gaffe is when a powerful person admits their actual stance or intent or a uncomfortable truth.
    s/e

    Reply
  17. Anna

    Jeannie McPherson should be fired.

    Her “blog post” looks like a cheap opinionated article, not an official blog entry of a global company with such power and responsibilities.

    She probably forgot that it is not her own Dear Diary.

    Reply
  18. BullS

    Nobody watching out for us.

    Verisign- another corrupted agency.
    All of them are traitors , their souls being bought by $$$$$

    self interest!!

    Reply
  19. Matt

    “They are no more a monopoly than the the Division of Motor Vehicles or your local electric company.”

    “They have a monopoly.”

    I guess there is a subtle distinction in there somewhere. That said, this screed reads as more emotional than your usual reason based blog post.

    Maybe its the “FUCK YOU”s?

    Reply
  20. Domenclature.com

    Jeannie McPherson is entitled to her opinion, frankly, and she’s only the Director of Product Management, Social Media and Mobile Applications.

    I found her opinion fascinating.

    I don’t think the response should be hostile at all. Perhaps, some strategy to earn some respect.

    I am happy to know that Verisign is not in bed with Godaddy and other actors.

    So she called domainers “Speculators”, big deal.

    Cut down the rhetoric, and hostility.

    Figure a way to advance interests.

    Reply
    1. realdomainer

      This is not her opinion. It is the official company blog. She does not say ‘it is my opinion’. She posted this on the company blog. The ‘verisign blog’. In all irony look to previous posts. The company is publicly listing domains that are available for purchase on their blog. Do they really hope a true end user will be reading the ‘verisign blog’ and buy those extremely niche domains? Hah. Pot, meet kettle.

      Reply
      1. Domenclature.com

        Perhaps, but, domainers were not the center of her Universe. She went after all verticals that resell domains more than the wholesale price, which included Godaddy, the Registrar, and many such actors.

        Now, what I expect, and respect, is poking holes in her assertions, and incidentally, the finger-pointing at the hypocrisy apparent in her write-up.

        She’s involved specifically with “Social Media and Mobile Applications”, a competition to domains technically.

        So, one could dismiss her expertise just on that alone. S still classify this as her opinion, since it did not come from CEO, President, VP, levels…

        Regardless, more energy should be channeled to strategy, facts, and figures, and few on ad homenim (attacks on directed against a person rather than the position they are maintaining), not that any so far has occurred.

        Reply
  21. Don M

    You know who made the most money off this deal? Warren Buffett (BH) owns 13% of the shares. He added to his 3 comma club. A billion + since he started buying in 2013.

    People all get worked up over the percentages of the price increase. Maybe they should look at the actual $ dollar amount instead of the percentage. Everything goes up in price, salaries, rent, food.

    My guess they will apologize by Monday morning for saying those words about domain investors and someone will take the fall.
    It’s just not domain investors, it is big companies like GD, Uni, Huge D that they are calling out as bad guys. They are the biggest portfolio holders among others. It actually hurts them because they hold the most. How ironic.

    Reply
  22. Mark Thorpe

    Verisign is a typical publicly traded company, all they care about is keeping their shareholders happy, period!
    Greed is the name of the game and they are playing.

    They don’t care about anyone but themselves. Not the consumer and especially not domainers!

    Reply
    1. Anonymous

      Correct, the Board of Directors, the executive team, and the employees have a fiduciary responsibility to shareholders like you, me, mutual funds, pension funds, and little ‘ol grandma waiting for her dividend payment each quarter. We wouldn’t want them having superseding responsibilities to anyone else, including domain investors or other end-user customers of Verisign’s customers, the registrars. The shares represent the owners who put the capital at risk of total loss to start the corporation, who may still hold those shares or who may have sold those shares at some point on the public markets to new holders of those shares who are still worthy of the same fiduciary responsibility by the BOD, the executive team, and the employees. I don’t like Verisign’s attitude either but thank god they only care about keeping shareholders happy. That is exactly what they should be doing and what all of us should want them to be doing if we want to retire at some point or what our children to go to good universities, etc. Fiduciary responsibility is a fundamental tenet of ethical capitalism.

      Reply
  23. mike

    It’s funny Verisign used to send out huge lists of available domain lists they had created.

    Many out there know of this, and this would make their entire statement BS, they are hypocritical of something they profit off, and encourage, it boggles the mind.

    So why are they creating these lists, and marketing them to domain scalpers? For what very purpose?

    Reply
  24. Jay

    I am paying more than 8 bucks for my .tvs
    Who gives a shit about 1 dollar and some change
    I have to pay from now on for my dotcoms.
    Verisign is out of line with their comments.

    Reply

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