Especially with this one. There is no room for competition since each verb can only be used once with the ing suffix. Well, competition for who is willing to pay the most, but from the consumer side there can only be one URL.
I think I'm at my limit of dumb domain names for no reason though, so I'll pass on this round.
I have seen some TLDs owned by a company and didn't even bother to set a redirect.
My anecdote is that the ICANN annual fee ($25k) is easily covered by these obligatory registrations and the premium domains. The cost of running nameservers aren't that high. NS1 has an offering, but it's impossible to find their pricing for anything.