After the market closed today, VeriSign, Inc. ( NASDAQ : VRSN ), announced, effective July 1, 2013, an increase in the registry domain name fee for .net top-level domain names, per its agreement with the Internet Corporation for Assigned Names and Numbers (ICANN).
As of July 1, 2013, the registry fee for .net will increase from $5.11 to $5.62.
Share of Verisign where up $1.17 to $38.30 during regular trading
According to Verisign there are about 15 million .Net domain names registered the $.51 increase per domain name will add $7.5 Million to Verisign’s revenue.
Not Good !
There really seems as there is NO justification for it … as we are in deflationary times and Verisign already raised rates not too long ago… among other reasons.
They very recently put a halt on .COM price increases recently but why then are they raising prices on .NET so soon ???
Don’t much like this Monopoly stuff !
JM
Verisign .Net contract was approved last year and is separate from the .com contract.