Verisign’s profits will sustain a substantial loss, after the terms of renewing the lucrative contract excluded any annual increases in the cost of .com domains.
The company stock was down on Friday, but recouped as much as 6.75% today. Company officials were still livid.
“Had no idea the US is part of communist North Korea!” exclaimed one irate company official.
“Isn’t this America? Aren’t we a democracy, with Capitalism determining what’s good for the people?” he added.
The company held an early Monday meeting, to address the issue of having to leave the .com prices affordable for the average consumer.
Some notes were leaked to Wikileaks:
“This is bullshit, what do you mean we can’t raise the damn .com base cost? It’s a given right, people must pay more every year as costs increase” – read one note, while another stated: “Don’t people still buy cigarettes, booze and cheap chocolate? Have you seen the prices of these? Give this a couple of months and we’ll sneak in an amendment, godd***it!”.
Apparently, the right to affordable .com domains clashes with the right of the .com registry, that are contracting the service to the world.
Although food prices have skyrocketed in recent months, the price of a .com still buys ten pounds of rice in Malaysia, twelve pounds of coffee in Venezuela and a large gyro platter with tzatziki and french fries in economy-stricken Greece.
We’ll have to wait and see what will happen next year, as Verisign is expected to object to these decisions at the United Nations court.
If Verisign is allowed to have a monopoly on .com then hell yes, this is North Korea.
Why don’t they put the .com registry up for grabs? Then we’ll see if they prefer North Korea or the US.
Kostas – The people don’t have bread? Let them eat cake!