Plus ICANN was setting the entry barrier so ridiculously high, that generic domain names are almost exclusively landing in the hands of these corporations, who are already strong in a particular market. It is in so far not stimulating competition but strengthening already successful market players.
The next step is most likely that Google returns the favor to ICANN and puts a stronger weight on the domain extension for search result relevance - just another step towards making a more corporate internet.
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Plus ICANN was setting the entry barrier so ridiculously high, that generic domain names are almost exclusively landing in the hands of these corporations, who are already strong in a particular market. It is in so far not stimulating competition but strengthening already successful market players.
The next step is most likely that Google returns the favor to ICANN and puts a stronger weight on the domain extension for search result relevance - just another step towards making a more corporate internet.