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The Almighty Buck

VeriSign Increases Domain Name Pricing 94

BillGatesLoveChild writes "CNET reports VeriSign has made its move, increasing domain name prices by 7%. From October 15 2007, .com domains will now cost $6.42 (up from $6) and .net domains $3.85 per annum. ICANN had previously voted to support the increase. Despite annual income of $323.4M from .com domain names alone, VeriSign claims it needs the increase to provide "a high level of security and reliability for .com." This increase comes in the face of complaints by customers, registrars and senators alike that VeriSign is abusing its ICANN monopoly. Yet the furrowed brows and promises of senators of investigations have come to nothing, even though the only people seemingly in favor of the monopoly are ICANN and VeriSign. With complaints about the pair running back to 2002, what can we the public do to get our elected representatives to take the great domain name ripoff seriously?"

"The most important thing in a man is not what he knows, but what he is." -- Narciso Yepes