Bloomberg economics editor Peter Coy, wrote a piece on domain names and some of the commentary was interesting.
Joseph Cohen, founder of Universe a startup that makes an app for building mobile websites, said “It’s not a true market,” “There’s sort of a market, but it’s not very efficient or liquid.”
Coy seems to be focused on the fact that there is little uptake for the new extensions.
“Most of the 1,200 have virtually no takers. By the time you get to #308, which is .poker, you’re down to a 0.01 percent market share. That’s frustrating if you’re the investor who gambled on .poker.”
“a $185,000 application fee, a sum that looms large if you have one of the new domain names with virtually no customers. Which is most of them.”
You can read the whole story here