How Kiters and Snappers Suck the Air Out of ICANN

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zanek writes “ICANN’s five day money-back period for domain name buyers has created a new, highly profitable industry. Some investors collude with registrars to continually buy blocks of domain names, publish pay-per-click advertising pages, return the blocks for a refund, then buy them again. Others simply throw back nonproductive domains before the time’s up. Either way, ICANN loses its fees, and those looking for great domain names can’t find any.”

Link: emailbattles.com