Advocacy Groups Push for Biden Administration to Address VeriSign’s Monopoly-Driven Profit Model

Advocacy groups are urging the Biden administration to address VeriSign’s exorbitant profit margins as the company continues to increase fees for .com domain registrations. With a monopoly on domain registration, VeriSign’s price hikes have led to a 70 percent increase in fees for website owners, despite decreasing operational costs. The call to action emphasizes the need to reevaluate VeriSign’s pricing practices and prevent further unjustified fee hikes, presenting an opportunity for the Biden administration to reform the company’s profit model.