Is that in addtion to the $183k they had to put up originally? If so, how much will be refunded to the losing bidders?
Dot-word sensation: Google forks out $25m for a fist of .app-y pills
Google has spunked $25m on the rights to sell domains ending in ".app", beating off competition from 12 other bidders, including Amazon and almost every large internet registry. The new generic top-level domain (gTLD) was notable for being the most hotly contested extension amid more than 1,000 others that vary from brand …
COMMENTS
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Friday 27th February 2015 11:27 GMT I ain't Spartacus
theodore,
If I remember rightly the original fee to register a request for a new domain was non-refundable. So if several pepole went for the same one, ICANN got to keep everyone's money, and run an auction for the winner to pay extra.
Similarly if your request got rejected, and no-one was allowed to use that new gTLD, then tough luck. ICANN still kept the money.
You understand they've got lawyers to feed. There's wear-and-tear on chairs, swamp insurance, dog biscuits
massive quantities of cocaine and Crystal champagne, all sorts of things...
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Friday 27th February 2015 10:52 GMT mike2R
Re: That's not so much
That's the really sad thing. If they're going to do something as selfish and irreversibly stupid as creating over a thousand unnecessary gTLDs for personal gain, I'd have at least have hoped they'd have done it for truly big bucks.
How much individually are the people who made the decision going to get for this sell out, once it trickles down into their bonuses and benefits? A million each? Less?
Its the pettiness of the whole thing that really irritates me. I mean I'd screw up the internet for a $100 million USD like a shot, but not for a moderately comfortable pension pot.
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