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About Network Solutions/VeriSign

NSI, now owned by VeriSign, used it's government granted monopoly over the entire domain name registration market for years to get away with charging an absurd $100 registration fee for every domain name and $50/year after the first two years to keep it renewed without having to worry about competition. Now that there have been enough class action lawsuits filed against them to partially open up the market for competition from other registrars, this story is an example of how they are apparently using their power to block customers from choosing to leave them, and retaliate against them if they attempt to. I say "only partially" open the market because they are still granted an underlying monopoly by controlling the central domain database and charging competing registrars $6/year for every domain they register.

Last modified: Mon Feb 21 02:05:23 CST 2005