Law internet names

As soon as the Internet Corporation for Assigned Names and Numbers (ICANN), a non-profit company overseeing the domain name allocation, besides other tasks, assigned several service providers to act as domain name registrars, the domain name registration got messy. The whole transition from government controlled assignments to the Web as we know it today was bumpy indeed. Having abandoned the netiquette, law regulations took place and made sure there was no illegal handling of things. But wannabe entrepreneurs quickly discovered how to misuse the availability of domain names, so the first thing to happen was snatching the most important web names, like Microsoft (which failed, Bill Gates grabbed it pretty fast) Intel, AMD and such. Most of the names were sold to nobodies who then tried to extort exorbitant amounts from people who had legitimate interest in holding that domain.
Unfortunately, except for the registered trademarks, most of the big companies had no luck in retaining the domain name they desired. Some just waited out and at some point a mutually acceptable agreement was reached, some bullied the domain name holders with dozens of lawyers and thousands of dollars litigation fees (big companies have lawyers on retainer, the small scammers did not) and the whole scam fizzled out as time passed and when became clear that nobody would pay.
To put an end to this, ICANN ruled that after the registration duration ended, the holder had up to six months to renew the domain name, before it was given to public for purchase by someone else. It was funny to see people laugh at Microsoft for failing to renew the microsoft.com license, but they managed to remember within the 6 month time frame, because so many public web sites were laughing at them.
However, since the number of web pages is rising by the day, the need became apparent to provide additional top level domains, like .biz, .pro, .int, etc.
Some people use the domain names to make fun of other domain names. Such one is www.mafiaa.org, making hilarious fun at the expense of the RIAA and MPAA. Come to think of it, Yahoo.com is actually a funny name. Funnier is the domain name recently acquired by Yahoo, del.icio.us. Obviously www.toostupidtobepresident.com is dedicated to the one and only soon to be ex POTUS. What is POTUS? Well, that’s another web site featuring all 44 Presidents of the United States. www.theyrule.net shows up how the big companies are interconnected and actually completely control what happens in the political, business and public world of the United States.