Overall the gTLDs are a good thing because some of them will become legitimized alternatives to .com for consumers, and thus weaken the power of domain squatters.
Like what?
New gTLDs have been around since 2013 -- five years. I can't think of a single one that I'd consider as legitimate as .com. I can, however, think of a bunch that are frequently used for spam and other abuse...
The Year of the Alternative gTLD is coming!
Any day now...
I wonder how many websites are served entirely through Google. Browsing with Chrome or Chromium, custom DNS set to 8.8.8.8, domain name from .app, "cached" by AMP, serving an Angular app with Material UI, originally hosted on Google Cloud.
Google wouldn't even have to index it.. they know everything about it already.
I trust Google to have the internet's best interests at heart way more than I trust GoDaddy and their ilk.
Like where I'm in India, Nike is substantially more expensive precisely because there are too many crappy shoes in the market. Nike is more "exclusive" and thus, pricier (and vice versa).
Another reason is the low education among ordinary users about the new TLDs. Everyone automatically defaults to assuming that your site is on .com
Companies stand to lose a lot of type-in traffic because of this. Which is why as soon as a business becomes large enough, it tries to go for its .com version. But since the .com version is already taken, and the owner knows the growing company wants it, he can dictate a higher price
But is Nike expensive because they want to be exclusive, or because there exist other players in the shoe market? For example, I could invent a flying car and sell it at high prices, so it's both a flying car and a status symbol. Then in 20 years, my patent expires and others can make cheaper models, but if I don't change my price, my brand brand will maintain its status symbol. I don't think the availability of other players in the market affects the price.
> Everyone automatically defaults to assuming that your site is on .com
Yes, but is that new? People already assumed that and this is not caused by gTLDs, so it does not drive the value of .com domains up beyond what they already were.