I stand corrected; I thought that was one of Google's registry front corporation's 142 applications
https://www.icann.org/sites/default/...05dec13-en.pdf
Quote:
This REGISTRY AGREEMENT (this “Agreement”) is entered into as of ________________ (the “Effective Date”) between Internet Corporation for Assigned Names and Numbers, a California nonprofit public benefit corporation (“ICANN”), and XYZ.COM, LLC, a Nevada limited liability company (“Registry Operator”).
DELEGATION AND OPERATION
OF TOP–LEVEL DOMAIN; REPRESENTATIONS AND WARRANTIES
1.1 Domain and Designation. The Top-Level Domain to which this Agreement applies is .xyz (the “TLD”). Upon the Effective Date and until the earlier of the expiration of the Term (as defined in Section 4.1) or the termination of this Agreement pursuant to Article 4, ICANN designates Registry Operator as the registry operator for the TLD, subject to the requirements and necessary approvals for delegation of the TLD and entry into the root-zone.
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Well, that registry is selling the domains for 2 cents, for less than the cost of the ICANN fees
and the operational overhead -- you cannot make up a net loss on the volume. So, why are they flooding that namespace? Doesn't make sense then.
You buy junk? I don't want to take and hour to make $50 LOL after the loss on the registration fees --recapture the domain sales for tax purposes and pay the long term capital gains taxes on $50 -- better to write it off ... It's different if the sale were for $1,000s -- that is one reason why domain prices are so ridiculously high. <the original topic.