CNBC.com just covered the new gTLD roll out once again in a story entitled “Dot-com to .pizza: Welcome to the Web domain Rush” with a subtitle of “The Internet’s long-restricted virtual real estate market is open for business.”
The most interest part of the story comes from 1and1.com which says “new gTLDs already account for about 15% of 1and1’s new business” “It’s lucrative, too, with the new TLDs selling for about $40 a year on average, more than double the typical .com addresses.”
Bhavin Turakhia, founder and CEO of Radix, is quoted as well in the story
On the negative side the author quotes Thomas Keller, 1and1.com “Head of Domains to say:
“Companies finally have options and aren’t forced to pay ridiculous prices to domain hoarders.”
“It puts an end to the scarcity of the dot-com names, It will have a huge influence over time.”
“It puts an end to the scarcity of the dot-com names, It will have a huge influence over time.”
1and1.com is owned by the same parent company of Sedo.com so I’m not sure its in their best interest to tell the world its ridiculous to pay domain hoarders for existing domains.
The world has enough of hoarders to cover all good names in any extension. Just give them some time. The money will follow as long as there is a need to link to a particular web-address.
In my opinion, i would rather do business with the mafia than 1&1 Internet.
“hoarders”
Seriously, you would expect a more intelligent representation of the domain aftermarket.
Can’t trust them “hoarders”, perhaps they can start pointing the finger at all those hoarders who buy up shares/houses/collectable card games/and so on, in the hopes of making money.
🙂
Did Thomas Keller of 1&1 really just use the phrase “domain hoarders”? Wow.
Hoarding is a serious mental condition that millions of people suffer from, is it now politically correct to throw around this term as it wouldn’t be to use “Nutjob”, “Retard” or any other health condition in an informal professional setting? I don’t think customers of 1%1 who happen to own more than a few domain names would appreciate being called a “domain hoarder” as well. I’m not insulted because I never have and after reading this article never will use them to host my “hoard”. If I legally and rightfully acquired something that belongs to me, I don’t appreciate being called a hoarder if you want it too, Thomas Keller. Are real estate investors hoarders too? Who else shall we call out who owns desirable properties as hoarders?
“It puts an end to the scarcity of the dot-com names, It will have a huge influence over time.”
How does a .pizza put an end to the scarcity of what’s available in .com? Did you mean to say that it puts a end to the scarcity of domain extensions which there never has been in the first place? That comment just makes no sense. People have had alternatives to the .com for over a decade and your .pizza isn’t anymore appetizing as your .biz.
I expect a full apology from this man or I will move my entire portfolio (aka hoard) from any companies associated.
Good day, sir!
Tom
I don’t know what Mr. Keller said to the reporter I wasn’t there.
He could have been misquoted it does happen
All I can do is read the story and report on it
I agree a crazy statement for someone in his position would use especially since the parent company is one of the biggest hoarders out there including Dom Collect which owns over 42K .Berlin domain names alone
I was just now coming here to post the CNBC article. Don’t see a lot of peeps in the comment section over there speaking on behalf of com.
Who are the real hoarders? The registries of new gTLDs.
I read the story on CNBC and I think the reporter, Ari Levy, misused the words ‘domain hoarders’ because he did not put Mr Kelley on quote for words. Mr Levy should apologize for his choice of words.