In the UK, everybody used FriendsReunited.co.uk for a couple of years, it was bought by the UK TV Channel ITV in 2005 for £120m, it made £22m profit in 2007, since then people have switched to Facebook and Twitter and FriendsReunited is rumoured to be for sale for just £15m.
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That's because they made a strategic error IMO - they charged people 5 quid to be able to communicate. If they'd have allowed it at no cost, I reckon it would have been where FB is today.
A billion stupid little extensions only increases the value of quality .com domains.
No it doesn't - how can it. What is the
absolute worst scenario for these new gTLDs? The answer is not a single person registers or buys one. In that case where would we be - exactly where we are today. No change to .com values.
The truth is some people will register them which will put money into domains with extensions other than the current options. This will incrementally hurt
all existing domain values including com.
So all in all we have 2-3 people who have made money from the extension?
In defence of .pro though - that's probably 2 or 3 out of a dozen or so who tried to make a dollar out of it. Compare that to the 500 or so (guess) out of 10,000 or so (another guess) who have actually made money in com's starting since 2007. Made up the numbers but you can see th point - odds are better with .pro
.com will not lose ground to anything as long as we are using domains as we know them today. Adding the ability of anyone with lots of money to start a domain will dilute everything but .com though, probably effecting info and biz more than the ccTLD's.
There is talk that there could be thousands of new TLD's, but I really don't see that happening. Companies aren't going to get their own TLD as many suggest (.mcdonalds) as it is just too expensive and pointless unless they can sell tens of thousands of second level domain on the TLD to make it worthwhile. Most who could afford it already have the .com and are happy with that. Maybe a few social sites like facebook .fbk or twitter .twit :D might benefit by selling users a short custom URL, but I think that will be limited, and you could forward any other domain to a longer URL already.
I think there could be a few moderately successful generic ones like maybe .blog, .video, or similar names that can help target content or formatting similar to what .mobi does. Even those don't really give much advantage over what's already available. The ones who now strictly enforced content sTLD's have not been very successful in terms of actual use or recognition as they limit their sales (think .jobs, .travel, .aero, .coop). The ones who don't enforce at all (think .biz, .info, .net) don't give users that content search advantage and become just another TLD.
If this does happen (I hope Icann comes to their senses), I predict we won't see thousands of new TLD's, but maybe a couple dozen. Most won't attract end users for primary use, but will be parked for income or parked on .com's as keyword URL's, limiting their resale value to two or three figures except the most prime keywords.
Any large number of new TLD's would also have trouble getting registrars to pick all of them up, so they wouldn't be very universal in being able to transfer or consolidate to your favorite registrar.
That's a great post! Rep added. Agree with all except for your first statement - com values will be diluted IMO (but not by much)