93% Of Domain Reigistrations For Scam Sites?

from the domains-for-nothing-and-your-clicks-for-free dept

zanek writes "ICANN's five day money-back period for domain name buyers has created a new, highly profitable industry. Some are accusing investors of colluding with registrars to continually buy blocks of domain names, publish pay-per-click advertising pages, return the blocks for a refund, then buy them again. Others simply throw back nonproductive domains before the time's up. Either way, ICANN loses its fees, and those looking for great domain names can't find any." There have been a few stories about this, but it hasn't been clear just how widespread this is. In the article, the claim is made that an astounding 93% of domain names registered last month were for such scams -- though, it would be nice to see something to back that up. Either way, consider this the next evolution of the typosquatting obsession.
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  1. identicon
    Anonymous Coward, 19 May 2006 @ 5:56am

    Re: yes...

    I'm glad you lead such a meaningful life...


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