“The ICANN Board finds that the public interest is better served in withholding consent as a result of various factors that create unacceptable uncertainty.”
ICANN, the entity that oversees web addresses, said on Friday it voted against a $1.1 billion deal to sell control of .org domains to a private investment firm. The decision follows persistent protest and activism “from internet pioneers and officials including California’s attorney general [Xavier Becerra],” reports Joe Menn at Reuters on Friday.
This means the dot-org domain WILL NOT be sold to the private equity firm Ethos Capital, a story we've been covering here on Boing Boing since the beginning.
Excerpt from Reuters:
The surprise plans by the Internet Society to sell the Public Interest Registry to a newly formed for-profit firm, Ethos Capital, announced in November, provoked alarm from many of the more than 10 million entities that use the .org suffix, associated with non-profit organizations.
ICANN, the Internet Corp for Assigned Names and Numbers, which gave the assignment of .org to the Internet Society and retains some rights, said on Thursday it was rejecting the deal.
In particular, it cited concerns that there would be a drive to reward Ethos stockholders while repaying $300 million in debt taken on during the transaction.
You can read the official announcement from ICANN here. It's a little hard to follow, unless you're used to reading legalese -- so here are some tweets from observers and reporters who've been following the dot-org potential sale controversy for a long time.
“Republicans feel that Social Media Platforms totally silence conservatives voices. We will strongly regulate, or close them down, before we can ever allow this to happen.”
Apple says it is planning to reopen more than 100 US retail stores this week, and that because the COVID-19 pandemic is ongoing, most locations will only offer curbside or storefront service.
Richard Branson’s Virgin Orbit failed on its first rocket launch attempt, which took place out of the Mojave Spaceport in Southern California.
Even though it feels like Amazon is a singular retail juggernaut crushing everybody else, you might be surprised to learn that half of Amazon’s $280 billion in revenue last year came from third-party sellers. According to numbers compiled by JungleScout, 86 percent of Amazon’s Fulfilled by Amazon (FBA) sellers were profitable last year, more than […]
Amidst all the deadly serious concern and fallout from our global battle against COVID-19, you’ve likely been forced to confront more than a few moments that you never expected to face. And you likely never felt sillier during this scary time than when you were racing all over town hoping desperately that some store had […]
“It’s better to have it and not need it than to need it and not have it.” – “Lonesome Dove,” Larry McMurtry If the past few months have taught us anything, it’s that we need to be prepared now more than ever. Emergency situations can happen quickly and there’s no telling when you may need […]