25 January 2020

ISOC to sell .org domain to private investors for over 1 billion dollar


Last year ICANN (Internet Corporation for Assigned Names and Numbers), the organisation that supervises DNS, lifted the price cap on .org domain names, despite many protests. This was a decision taken by staff, not by the board. .org domain names are used by many non-profit organisations.
Now that more money can be made here, ISOC (Internet SOCiety), the authority who manages the .org domain, has put the top domain up for sale.
ISOC has immediatly found a candidate who wants to pay $1.135bn for it: Ethos Capital a completely new company with only two staff members, set up by... the former CEO of ICANN, Fadi Chehade, backed by investment companies. Ties of these investment companies with American republican billionaires have raised concerns about political neutrality with respect to the non-profit organisations under the .org umbrella.
A third of the purchase is going to be financed by debt, implying that Ethos capital will have to earn a lot of money with the sale of those domains.
People have been protesting and asked the ICANN board to halt the decision, arguing that, as ICOS never purchased .org, they do not have the right to sell it for more than a billion dollar.

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