There have been literially thousands of stories written on the new gTLD program but many contain inaccurate information or are just plain out wrong.
Here’s the worst one we found:
“Top Level Domains to Shake Up the Web? Not Exactly”
Here is the 1st sentence in the story:
“”There’s been a lot of press lately regarding ICANN’s decision to allow the creation of just about any type of domain ending. ”
Meaning that .com, .org, .edu and others which currently number about 25 could potentially reach millions in just a matter of a couple of years.”
There aren’t “about 25” current TLD there are 22 exactly.
and the number of extensions cannot reach MILLIONS in just a matter of a couple of years.
ICANN has been quite clear that the absolute maximum number of TLD that would be approved in the first round is 1,000 and its clear the first round won’t end for a couple of years.
Millions of domain extensions?
“”These TLD’s will probably be used mainly by large corporations to add status or cache to their brand. They will also be used by other businesses or even individuals for bragging rights””
No one is going to spend $185K (and that is just the application fee) for “bragging rights”. Moreover its going to be a ton of work to get one of these applications done.
How about cities, like New York, Paris and Berlin which have been very vocal about getting their own TLD?
Not a mention in the article
How about entrepreneur wanting to build a registry business around a great generic word?
Not a mention
“The only ones that will be able to afford or even apply for a new TLD will be the very rich. It’s because in order to apply for your very own TLD, you must first pay $185,000. If you want a TLD that is only yours (can not be shared by others) it will cost you even more.”
A TLD not shared by others?
I have no idea of what he is talking about.
A TLD that more than one applicant my apply for can go to auction and the price can be much higher in such a case, but its doesn’t seem that is what the author is talking about.
However the application fee is just the beginning so if you think only the ‘very rich” can afford one of these you will need to be even richer.