[Comments-com-amendment-3-03jan20] against Amendment allowing Verisign to increase prices
I currently own many domain names which I have owned for several years. I own my own name for personal website as well as names for my freelance consulting business. I am totally against this Amendment that allows Verisign to increase prices up to 7% per year for the next 4 years. Verisign was already given a monopoly position with regard to the .com registry and permitted to charge $7.85 per domain. Exactly what service do t777777hey provide for this service? In 2019 Verisign had gross revenue of $1.2 billion and a net profit of over $600 million. That's a 50% net profit margin. I must say, not bad. They are doing just fine without this raise in prices. The internet is a public good and this should be kept in mind when determining what a for-profit company who is in a monopoly position is allowed to charge for its services. While I do believe Verisign should be allowed to make a profit since that is why they are in business and enables them to provide a quality service, I also believe that in this case a 50% net profit is more than fair for providing a service that is a public good. What other industry that provides a public good has that high a margin? Also, what other regulated industry is permitted to raise its prices up to 28% over a six year time period, especially since inflation is so low now and likely to stay this way for a while? Allowing Verisign to raise its prices at the expense of the people and in opposition to the public good is just a corporate give-away. ICANN, please do not allow this to take place and do the job of protecting the people's interests. Thank you. theo m. Cliffside Park, NJ _______
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Theo