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Elizabeth Warren Calls for Crackdown on Internet ‘Monopoly’ You’ve Never Heard Of
US senator Elizabeth Warren and congressman Jerry Nadler have demanded the government investigate whether VeriSign, steward of the .com domain, is ripping off customers and violating antitrust laws.
US senator Elizabeth Warren of Massachusetts and congressman Jerry Nadler of New York have called on government bodies to investigate what they allege is the “predatory pricing” of .com web addresses, the Internet’s prime real estate. But in an August blog post entitled “Setting The Record Straight,” the company claimed that discourse around its management of .com had been “distorted by factual inaccuracies, a misunderstanding of core technical concepts, and misinterpretations regarding pricing, competition, and market dynamics in the domain name industry.” In their letter, Warren and Nadler allege that VeriSign has exploited its exclusive right to charge for highly sought-after .com addresses to juice its revenues and drive up its share price—all at the expense of customers for whom there is no viable alternative.
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