While Verisign`s profitability is not at stake, as a private company, it certainly has the legitimate goal of maximizing its profits. While there is no urgent economic need at this time to raise prices, Verisign has a clear interest in generating revenue for its shareholders, just like any other company. While end users might be upset about paying more money without operating costs rising accordingly or service being improved, Verisign`s motivation to increase revenue is not unprecedented among companies. Nevertheless, the legality of the possible decision to cancel the price freeze could be questioned, given that Verisign only provides technical services for the 25,000 TLD registry it has made and does not actually own the gTLD, but this should be done for ICANN from the beginning of the registration agreement amendment process. == The Department of Commerce has provided additional justification for the price increase in the preamble to Amendment 35 of the Cooperation Agreement, which states that the Ministry “notes that ccTLDs, new GTLDs and the use of social networks have created a more dynamic DNS marketplace” and that one of the objectives of this amendment is to provide “tariff flexibility for the registration and renewal of domain names in the .com registry”. So we are actively involved in this process, as I said, and we will not be able to comment and comment on the details of the discussions. And as I said in my prepared remarks, we are proceeding with a process to include in the com agreement with ICANN the conditions approved in Amendment 35, including the price conditions. The proposed Amendment 3 to the .COM Register Agreement (Amendment 3) and the Binding Declaration of Intent (LOI) are in line with the agreement to negotiate certain conditions described in the first amendment to the .COM Register Agreement (Amendment 1) of 20 October 2016. Pursuant to Amendment 1, the Parties agreed to cooperate and negotiate in good faith to amend the .COM Registry Agreement (RA) as necessary, to reflect changes to the Cooperation Agreement between Verisign and the U.S. Department of Commerce (DOC) and to modify the terms in order to preserve and enhance the security and stability of the Internet or the .COM High Level Domain (TLD). The case is different for Versign, which controls a licensed monopoly and holds monopoly power by state Fiat.
Verisign adds little value to the domain name manufacturing process that goes beyond what any other registry company could do if Verisign were present in a free market in the face of actual competition from other registry operators competing for price. This is not the case. The government is right to heavily regulate Verisign`s monopoly. Nepotism within the Trump administration — there are certainly bribes behind the scenes of the East Coast here — has created an abominable deal like this. WordPress and Automattic`s head of Domains, an ICANN-accredited registrar, “looked at the process with which this change was negotiated and several changes were proposed.” . . .