Slashdot Mirror
Amazon Becomes Domain Name Registrar
prostoalex writes "Internet's largest retailer is setting up a domain name registration business. Wall Street Journal recently found out that in December Amazon.com got approved as domain name registrar. According to people from ICANN, the registration included rights for .com, .net,. org, .biz and .info TLDs."
Amazon was granted exclusive registration rights for the new TLD, .scam
Believe it or not, geeks can add. Why, they can not only balance their own checkbooks but even perform complex statistical and financial calculations far beyond the reach of most bank managers.
Some of them have even proven quite successful in founding and managing complex multinational corporations while amassing millions, yea, even billions, in personal wealth.
Who would have thought that of independent intelligent people good with abstract concepts, math and technology.
Lord, we all expected the football players with D averages to to rule the business world by now.
Oh, wait, those were the venture capitalists the smart people raped of their fortunes.
Go figure.
I'm familiar with concept of using profits to fund expansion. I've even successfully applied it myself.
Perhaps I'm looking in the wrong places but I've certainly seen no evidence of this in Amazon.
What I have seen is a man who has, repeatedly, gone to the venture capitalists and stockholders and said, "Sure, we're losing money, but if we had more capital to expand eventually we'll be the big boy on the block and profit."
Rinse and repeat.
KFG