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After the sale, Ethos Capital, having paid $1.135 billion for .ORG to ISOC, will have to recoup that investment on a scale that's expected of a private equity firm. This week, Ethos revealed for the first time that some $360 million of the purchase price will be financed with a loan. The payments on that loan will have to come out of Ethos's profits, so they will probably need to raise more money per year than ISOC currently does. While Ethos could try to simply increase the number of its "customers" for .ORGs, PIR has tried this in the past, and the demand for the domains has remained largely flat. This is no surprise; the nonprofit sector just doesn't grow at exponential rates.
That brings us to the myriad reasons nonprofits have criticized the deal: every other way that Ethos might increase profits is bad news for .ORG users. And these tactics aren't farfetched: every one of them is already delivering profits in other sectors, often while harming domain registrants and their visitors.
https://www.eff.org/deeplinks/2020/01/icann-needs-ask-more-questions-about-sale-org
Previously:
As Internet Pioneers Fight to Preserve .org's Status, those in Charge are Hiding Behind Dollar Signs
ICANN Demands Transparency from Others Over .org Deal; As for Itself... Well, Not So Much
Internet Society Says Opportunity to Sell .org TLD to Private Equity Biz Came Out of the Blue
As Pressure Builds Over .Org Sell-Off, Internet Governance Orgs Remains Silent
.ORG TLD Sold to Investment Firm Ethos Capital
ICANN Eliminates .org Price Cap Despite Overwhelming Opposition
(Score: 5, Insightful) by Thexalon on Monday January 20 2020, @09:00PM (2 children)
It's already blatantly obvious to anybody with a brain what the plan is:
1. Borrow a bunch of money.
2. Buy the .org domain name.
3. Raise prices dramatically, because it's a monopoly and non-profits don't have a good alternative to paying what's demanded.
4. Pay back the loan from the extra profit from the higher prices.
5. Pocket the rest.
Everything "Ethos Capital" says is hot air intending to mask this plan until they get what they want.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 2) by Common Joe on Tuesday January 21 2020, @09:56AM
This. And the fact that they aren't even trying to hide the obvious tells us how far we need to go to stop the corruption. On the surface, doing what is right is an easy fix, but reality says cutting through the road blocks they've put up won't be.
(Score: 2) by jmichaelhudsondotnet on Wednesday January 22 2020, @01:45PM
These are not profiteers, they are political operators.
They get a huge slimy lateral power grab from this, they get to hamstring activists all over the world with bullshit hoops, unique identifiers and unaccountable censorship.
This is very evil, and the timing is very evil, as the rush is arbitrary.
And they are tied to international zionism, and to the current presidential cabal, 4 degrees removed from jared kushner, owner of, and i could not make this up, 666 park avenue.
decultification.org do you hear what I am saying yet?