Once again, this story The Amazon Rainforest Wants Its TLD Back From Amazon.com (http://yro.slashdot.org/story/13/04/25/2241251/the-amazon-rainforest-wants-its-tld-back-from-amazoncom) illustrates a problem with the top-level Internet domains being floated by ICANN.
While one might opine that Amazon is entitled to the .amazon domain, what happens to domains like ‘.football’, ‘.medicine’? Will companies like Nestle and Hershe (just to name a few) be allowed to registed ‘.chocolate’ for their exclusive use? Similarly, will ‘.cola’ be granted either to Coca-Cola or Pepsi simply because they are able to afford $850,000 – the registration fee for the domain?
I believe that this ‘expansion’ of domains is nothing but monopolistic behaviour and profit maximization simply because it is possible.