Hacker News new | ask | show | jobs
by shotashotashota 2399 days ago
Really...what the hell do they do to deserve a 1.1b$ evaluation? Are they manually checking the validity of .org domains? What do they do??? Christ, this is just blatant corruption its so depressing

Why do they need to make a profit in the first place?? Do everything needs to be profitable??

3 comments

They earned that valuation by having a monopoly on a desirable TLD. They don't provide that much value, this is simple rent seeking.
> Are they manually checking the validity of .org domains?

There are no restrictions on registrants for a .org domain. It was intended as a place for non-profit organizations, or other uses that didn't fit within .com or .net, and that was never enforced or enforceable, and the restrictive intent was removed.

This is one of those thought processes that makes me laugh at the human brain. You have no idea what's going on, but it seems strange, so you decide you know exactly what's going on. We really are irrational creatures.