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    This discussion has been archived. No new comments can be posted.
    New.net in financial trouble? | Log in/Create an Account | Top | 47 comments | Search Discussion
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    Re: New.net in financial trouble?
    by fnord (groy2kNO@SPAMyahoo.com) on Monday April 08 2002, @08:19AM (#5747)
    User #2810 Info
    f---edcompany.com [ya, that resolves too] reported about six weeks ago:
    Old
    New.net

    Rumor has it there's a big meeting at New.net later today... Lots of management is ready to go or has left. The domain-name business isn't as strong as it once was? gee. Please don't steal on your way out.
    When: Feb 25 2002 03:44PM
    Company: New.net
    So what happened then? According to new.net the meeting was their first birthday party (they launched March 5, 2001). If fsckedco was wrong once they can be wrong again. Pud makes no secret of the fact that idealab! is his favorite whipping boy, and there's no shortage of ICANN hangers on and apologists who would be happy to spread rumors of new.net's imminent demise. I'll believe it when I see it.

    If it is true that they have 40 employees then I don't think that is sustainable given shrinking revenues, but I also don't think they need 40 employees. The plugin is already out there and various ISP's are using new.net's augmentation. Those could continue without much staff overhead. What I think is more crucial is what their ISP partners and their foistware plugin partners are being paid, and whether there is sufficient money to keep that going, including whether those were one year agreements and if so, whether they are renewed.

    But to think that new.net will just disappear is probably wistful thinking. Unlike new.net, ICANN has admitted to being in financial trouble. Does that mean the internet is in danger of being shut off? Though I must admit to having toyed with the idea of submitting ICANN to fsckedco, halfways as a joke, after Stuart Lynn's assessment (which has received broad agreement) of ICANN's failure.

    Like I say, new.net is already out there, it'll be around in some way or another, in fact it would probably be technically impossible to completely remove it, and it isn't inconceivable that Veri$ign or Micro$oft or some other player could buy it out. I think that is at least as likely as new.net just completely vanishing real soon now. -g

    [ Reply to This | Parent ]
    Re: Wrong
    by fnord (groy2kNO@SPAMyahoo.com) on Wednesday April 10 2002, @10:55PM (#5802)
    User #2810 Info
    1

    Read the rest of this comment...

    [ Reply to This | Parent ]
    • Re: Wrong by RFassett Thursday April 11 2002, @03:00AM
  • 1 reply beneath your current threshold.

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