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Bob Parsons on Domain Kiting
35 million names registered in May. Only 8% of registrations were paid. 32million were part of a scam. It's called "domain kiting."Domain kiting continues out of control!The numbers are now in for May 2006 and the domain kiting problem continues to rage out of control. In fact, it’s as bad as ever.92.3% of May registrations were kited domains!Consider this: Just over 35 million names were registered for the month of May. Of those just over 2.7 million were permanent registrations. That means that 92.3% of all domain names registered were part of a scam now known as domain kiting. These names were kept off of the market, they were used to generate search engine revenue – AND BECAUSE OF A LOOPHOLE ICANN REFUSES TO ELIMINATE – those 32.3 million names were used without being paid for.
Hot Points – A blog by Go Daddy CEO and founder Bob Parsons
Whoa, this seems to be a pretty big thing. It is my first time hearing about it but it is worth the read.
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Posted by John C. Bland II on June 23, 2006 12:19 PM | Permalink
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