Private Equity Shop Ethos Capital Buys the .Org Domain Registry

The price of “.org” properties could soon be going up

Ethos Capital has purchased the Public Internet Registry, the group that maintains the .org registry. The private equity firm purchased the registry from the Internet society, according to a statement this week. The deal marks the end of nearly two decades of control by the Internet Society.

This news immediately sparked concerns and backlash against the deal. The Public Internet Registry established itself as a non-profit domain registry. After its start, “.org” was viewed for non-profit use as alternatives to the commercial earmark tied to the “.com” extensions. For example, Google uses a “.org” domain to promote its philanthropy efforts.

PIR data shows that users have registered 10.3 million “.org” domains, with each paying just $9.95 per year. PIR generated $93 million in 2018, with operating income sitting at $45.9 million.

Ethos Capital Buys Public Internet Registry After Price Caps Removed

The news comes a few months after ICANN announced plans to remove price caps on .org domain names. These domains have been historically inexpensive. That plan also faced public opposition. Just six for the more than 3,000 public comments on the price hikes supported the plan. However, “.org” extensions are not the only ones to see the removal of price caps. Both “.info” and “.biz” eliminated price caps in 2019.

According to itNews, the Public Internet Registry could shift from a non-profit to a B or a “Benefit corporation.” This new U.S. business entity allows companies to aim to achieve something different than generating a profit.

Recent: Guild Education Hits $1 Billion Valuation

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

January 16, 2020

ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix

ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix
Shape

Latest Alternative Investment News

Digital Assets: UAE a Flag-bearer for Blockchain Technology Deployment
January 20, 2020     Digital Assets, News

The UAE is a Flag-bearer for Blockchain Technology Deployment. A joint white paper has been issued by the World Economic Forum and the United Arab Emirates’ Centre For The Fourth…

Digital Assets: Bitwise/ETF Trends 2020 Survey – 65% Advisors Want to Buy Bitcoin in an ETF
January 20, 2020     Digital Assets, News

The Bitwise / ETF Trends 2020 Benchmark Survey of Financial Advisor Attitudes Toward Cryptoassets gives useful insight into what advisors are thinking about Bitcoin and cryptos going into 2020. ETFs…

ESG: Best Buy’s CEO in the Dock for Alleged ‘At-Work’ Liaison
January 20, 2020     ESG and Sustainability, Latest News, News

Current Best Buy CEO Corie Barry allegedly had a romantic relationship with a male colleague before taking charge as CEO in June 2019. Best Buy’s board is investigating the charge,…

Emission-Free Friday: Here are the Latest Funds to Push for Carbon Neutral
January 17, 2020     ESG and Sustainability, Investments, News

Carbon emissions dominated the headlines this week. The European Commission has announced an ambitious plan to shift toward a green economy and make the EU carbon-neutral in the year ahead….