This is a good use of namespace. No other global trademark should ever get this TLD
Corporations are not the owners of the the internet.
The reality is that the commercialisation of the Internet is the only reason that you or I or venture capitalist plaything Hacker News are all even here at all. ICANN just found a way to extract buckets of money from brand-obsessed companies for essentially just adding a line to a database. It’s hilarious and I challenge you to point out how this itself is affecting the openness of the Internet in any tangible way.