Hacker News Reader

HNHacker News

Top New Best Ask Show Jobs

Comment by ishansharma | Hacker News Reader

Parent Full thread

ishansharma·

I hate the idea altogether and in my opinion, ICANN is doing this for a quick buck.

I have a hard time remembering 22 gTLDs as of now and they are just adding more.

Also, this is going to confuse old people. Whole internet is .com for them.

Whole process is broken and I just hope this whole scheme fails.

View on HN

According to ICANN they are not making money off of it. The money is spent on the reviewal process. They emphasized multiple times during yesterday's announcement they were pricing it at break even, and if a profit were to be made, it would be given to the community for them to choose how to spend it.

Their financials are available here as well, if you wanted to follow up in a year or so http://archive.icann.org/en/financials/

> According to ICANN they are not making money off of it. The money is spent on the reviewal process.

Most of which is probably ICANN salaries.

My health insurer does this. "We're non-profit, our profit margin was only 2% last year." Meanwhile, we see headlines about the CEO's $4 million bonus.

I am probably being hardheaded, but what takes hundred of thousand of dollars in the review process?

(I'd read the link but it seems last updated 4 years ago with data from 8 years ago)

Business lunches and executive retreats?

Look at how many billable hours were involved in .xxx. Even non-controversial TLDs will generate mountains of legal paperwork.

Yes, the money is spent on the review process, which is another way of saying that ICANN spends the money on itself.

The review process is conducted by multiple outside firms that tendered in an open process for the right to review the gTLD bids.

Reply on news.ycombinator.com