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Who profits from domain names fees (lemmy.ml)

submitted 1 year ago by equidistantWhitfield@lemmy.ml to c/asklemmy@lemmy.ml

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There are some people that asked a similar question but I don't want who gets raw revenue, but who gets the probably obscene margins (profits thus) from paying $10-20/year for linking a piece of string and an IP address.

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[–] fubo@lemmy.world 10 points 1 year ago (1 children)

Chiefly the domain name registrar.

[–] equidistantWhitfield@lemmy.ml 1 points 1 year ago

So if it is the guys who owns the TLDs who rip everyone off, if a company bought a TLD and started to rent it at production price, it would finally enable domain names at like one cent or one dollar? (most websites have like 10 requests and they have a single IP, I don't get why one cent would be impossible)