A private equity firm is buying all of the .org domains. Here's what that means

Ethos, which was founded in May 2019, is expected to close its deal to acquire the Public Interest Registry during the first quarter of 2020. The sale price has not been released.Now, nonprofits, which make up the majority of the .org domains, are panicking about the purchase, scampering to sign a petition spearheaded by the National Council of Nonprofits that calls for blocking the deal. There are currently some 10 million .org domains on the internet.

"I totally empathize and understand the fear that the valid voices are expressing," he added."The narrative has been hijacked a little bit."This would not be the first time the .org domain was owned by a for-profit company. Verisign owned the Public Interest Registry from 1995 to 2003.But this latest move brings concern for good reason: Ethos has only been in business for six months, and PIR is one of the firm's first investments.

I am ready for snacks and wait for the results

SOCIALISM BY ÇHINA..BAD!!

Any decent websites that actually have a .org in them

Who owns all of the dot orgs now? Who are they buying them from?

Not good news .

CEO Erik Brooks:nonprofits shouldn't be concerned. “Our motivation and intention is to grow and build this business for all stakeholders' benefits.” Translation: grow/build= increase prices, stakeholder= shareholders, shouldn’t be concerned=be VERY concerned.

Really should be a disconnect between non-profits & private equity firms! Makes no sense for someone to make a profit off of charities!!

CNN FAKENEWS

Agreed. This is how capitalism is failing the American people. Why? The question becomes are you buying up all these domains for which purposes? It sounds like censorship and control. block

Ever notice how outfits with “Ethos” or “Ethical” in their name are anything but ethical?

Hmmm breath taking

cc: asemota

. O.ol l ....l

What will its effects on .Com and on common Internet user.

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