Bloomberg economics editor Peter Coy, wrote a piece on domain names and some of the commentary was interesting.
Joseph Cohen, founder of Universe a startup that makes an app for building mobile websites, said “It’s not a true market,” “There’s sort of a market, but it’s not very efficient or liquid.”
Coy seems to be focused on the fact that there is little uptake for the new extensions.
Quotes like:
“Most of the 1,200 have virtually no takers. By the time you get to #308, which is .poker, you’re down to a 0.01 percent market share. That’s frustrating if you’re the investor who gambled on .poker.”
“a $185,000 application fee, a sum that looms large if you have one of the new domain names with virtually no customers. Which is most of them.”
You can read the whole story here
