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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 announceme
by cleverjake 14y ago
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/ http://archive.icann.org/en/financials/
- riffraff 14y agoI 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)
- ivix 14y agoYes, the money is spent on the review process, which is another way of saying that ICANN spends the money on itself.
- kijeda 14y agoThe review process is conducted by multiple outside firms that tendered in an open process for the right to review the gTLD bids.
- ceejayoz 14y ago> 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.
- deleted 14y ago[deleted]
- sohn 14y agoThe money is spent in the beers they drink while they're doing the reviewal process.