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Old 4th February 2009, 06:19 AM
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Exclamation Finally we know the REAL reason behind the new .tlds urge

ICANN seems to think that its Reserve Fund is an endowment, so according to the 2008 annual financial report, they bought about $16.5M in bonds, and $8.5M in stocks. We don't know in detail what happened between then and now, but it's reasonable to assume that their portfolio tanked with everyone else's, producing the $4.6M investment loss.

:o

http://www.circleid.com/posts/200902..._stock_market/
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Old 4th February 2009, 05:49 PM
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Re: Finally we know the REAL reason behind the new .tlds urge

Hurrah for taxation without representation!

Time for a tea party.
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Old 4th February 2009, 05:58 PM
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Re: Finally we know the REAL reason behind the new .tlds urge

If they could afford to lose $4.6M from their reserves, why did they collect it from us in the first place? ICANN is a non-profit corporation, which like all non-profits, are suppose to collect fees only necessary to perform its non-profit mission and provide services required to fulfill that mission. Once a non-profit becomes highly profitable, it needs to cut the fees it collects."

"How much profit (cash) would ICANN have kept building up assuming the cash stayed in money markets? I mean would they have stopped at $30 Million, $40 Million, $50 Million before saying, I think we have enough money and can cut fees?"

"Second, wouldn’t you love to know the actual public companies ICANN bought stock in VeriSign, Google, Yahoo, Tucows? Isn’t there a conflict of interest if ICANN bought stock in company they directly or indirectly regulate?"



Great questions!
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