Yahoo is worried about unscrupulous domain name registrars trying to cybersquat on its brands. In an exasperated letter to ICANN this week, the web firm said it is still not convinced that the organisation's new generic top-level domains (gTLDs) programme provides enough safeguards against squatters holding so-called "dot-brand …
Yahoo's biggest problem....
Anyone remembering who the hell they are.
Re: Yahoo's biggest problem....
"The objection costs $10,000, but complainants get $8,000 back if they successfully persuade a World Intellectual Property Organisation panel that the gTLD would infringe their trademark and damage their businesses."
nice scam .. set up the problem and provide a *solution* that costs a minimum of $2000 (plus the cost of a lawyer) .. not to mention the real possibility that a "World Intellectual Property Organisation panel" *might* be subject to bribes and other forms of corruption, corporate and political pressures
what is is proper American-English phrase here ? ... Clusterfuck
I dunno, the good old standby 'extortion' probably fits too.