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Posted by: Dave the Atheist ( )
Date: December 03, 2019 12:13PM

Vulture capitalism strikes again !

"This could lead to skyrocketng licensing fees for non-profits around the world."

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"The sale of one of the internet’s most popular registries to a private equity firm has revived concerns over how the domain name system is governed.

At the end of last week, the Internet Society (ISOC) announced that it has sold the rights to the .org registry for an undisclosed sum to a private equity company called Ethos Capital. The deal is set to complete in the first quarter of next year.

The decision shocked the internet industry, not least because the .org registry has always been operated on a non-profit basis and has actively marketed itself as such. The suffix “org” on an internet address – and there are over 10 million of them – has become synonymous with non-profit organizations.

However, overnight and without warning that situation changed when the registry was sold to a for-profit company. The organization that operates the .org registry, PIR – which stands for Public Interest Registry – has confirmed it will discard the non-profit status it has held since 2003 as a result of the sale."


https://www.theregister.co.uk/2019/11/20/org_registry_sale_shambles/

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