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03 Feb 2009

ICANN blows $4.6 million in the stock market ICANN

If you visit the new dashboard on ICANN's web site, you see some nice bar charts, including one rather large negative number of $4,462,000. If you click the little arrow at the top of the Financial Performance chart, a footnote window pops open where the last sentence is:

The large variance to budget is due to investment losses of $4.6 mil.
Investment losses? Yup, ICANN's been speculating in the stock market, and has lost $4.6 million, or to put it in concrete terms, the 20 cent fee from 23 million domain registrations.

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posted at: 18:44 :: permanent link to this entry :: 0 comments
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