Sep
19
2003
VeriSign Sued for Antitrust

VeriSign is being sued by “Popular Enterprises“, owner of the typo-squatting junk portal Netster. VeriSign is basically being sued for abuse of its monopoly power. I’d have to say Popular Enterprises has a point. The lowest going rate to register a domain is about $10 per year. So, for every mistyped domain they want to redirect to THEIR search engine, they have to pay about $10 a year. I don’t know how many domain names they own, but if they owned 100,000 domain names, it would cost them a million dollars a year to hold on to them.

Verisign just obtained more domain names than there are atoms in the universe. For free. Abuse of monopoly power? Um, yeah, a bit.

This entry was posted on Friday, September 19th, 2003 at 11:18 am and is filed under The Internet Biz. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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