Verisign runs the .com and .net domain registries — the authoritative phone book for ~173M of the internet's most valuable addresses — under a contract that makes it the sole operator of .com through 2030. It never sells to you directly: it charges registrars like GoDaddy a fixed wholesale fee for every name, a near-monopoly toll that converts ~65% of revenue to operating profit.
What Verisign, Inc. really sells
Verisign runs the .com and .net domain registries — the authoritative phone book for ~173M of the internet's most valuable addresses — under a contract that makes it the sole operator of .com through 2030. It never sells to you directly: it charges registrars like GoDaddy a fixed wholesale fee for every name, a near-monopoly toll that converts ~65% of revenue to operating profit.