The Internet Advertising Bureau Tries To Squash ICANN’s Plan to Set Off a Domain Buying Frenzy

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Finally someone is injecting a much-needed note of caution into ICANN’s plan to offer-up top-level domain names willy-nilly to anyone who can afford them– meaning .Beatbeat or .Budweiser could be procured as as easily (for a price) as .biz.

Today TechCrunch reports that Randall Rothenberg, CEO and President of the Internet Advertising Bureau asked ICANN to withdraw its plan, pointing out that despite an initial giddiness among publishers and advertisers, the domains would be extremely costly, and open up the possibility of cyber squatters extorting money in bad faith. As TechCrunch reports, Mr. Rothenberg says the 13-to-1 vote in favor of the change shouldn’t be dictated from on high, when the consequences will trickle down: Read More