Shares of domain name companies hardly budge.
In the grand scheme of things the introduction of new TLDs is trivial. But to domain name companies it’s a big deal.
Apparently investors in some of the companies that may be affected either don’t understand it or had already priced approval into the stock prices.
Shares of Top Level Domain Holding, a pure-play new TLD company, are down about 4% as of right now. Granted, the company had already told shareholders to expect the approval. Perhaps the timeline has shareholders miffed, or the volume is just too small to matter.
Shares of Web.com, which owns Register.com, are off over 1% shortly after opening this morning. Domain registries Neustar and VeriSign are basically flat, as is domain name registrar Tucows.
M. Menius says
“… the introduction of new tld’s is trivial”.
You know, the economy has been stifled for several years now. “New” tld’s didn’t seem very viable during more robust economic times. I will be quite surprised to see any real traction with “new” tld’s given the peel back in corporate spending.
There will be handfuls, small pockets, of domain speculators chasing the best keywords. This will probably account for 90% of all sales.
domainer says
Um…why would it effect them? The entire gTLD concept is conceptually flawed and will ultimately prove to be a total .FAIL when it rolls out in …um…2014.
Er…do ya think that will be sufficient time for .COM to establish itself?
If anything, it will solidify .COM as the de facto standard as the oceanfront property of the internet. So again, I ask why WOULD it effect them?