Reply to post: Private auction

Verisign probed by US Dept of Justice over $135m .web auction

GrapeBunch

Private auction

"Nu Dot Co was the only one out of those seven that refused to take part in a private auction where the proceeds would be shared between the companies rather than a public auction where the money would be given to domain name overseer ICANN."

Elsewhere, the "private auction" concept would be frowned upon, possibly even illegal. How does it further the public good?

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