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Co-Founder of YouChoose, Mike Dever says in a report released today that a petition has been launched on YouChoose.net at the end of last week against domain name parking". YouChoose is a social network for setting up and supporting 'Pledge Campaigns' and 'Petitions'. Dever says that the campaign against domain name parking and cybersquatting has "immediately attracted hundreds of signatures from concerned website owners. We realize that the issue of domain name parking is very complex… Many people reserve domain names for legitimate purposes, but there are also people who are grabbing thousands of domain names — obviously many more than they have legitimate uses for — and profiting by selling Google ads on them or auctioning them to the highest bidder. The YouChoose.net petition is intended to draw attention to the issue and result in action being taken to prevent the most egregious abuses," he noted.

Dever further continues to assert that, "as long as services such as Google's Adsense program continues to allow ads to be displayed on the parked domains, this practice will continue unless the Internet Corporation for Assigned Names and Numbers (ICANN) steps in to stop it. That's what the YouChoose cybersquatting petition is trying to make happen."

Coincidently the World Association of Domain Name Developers (WADND) is currently holding the T.R.A.F.F.I.C. conference and expo — one of the most popular domain name industry conferences whose sponsors include Google, Yahoo! as well as other domain name industry product and service providers for domain activities Dever has accused of being cybersquatting in the YouChoose petition.

Earlier this week, Phil Corwin, representing the Internet Commerce Association, has recently discussed threats to domain name owners and the value of their domains. In his address, as report by the Domain Name Wire, Corwin said: "domain community needs to avoid the mess the private equity industry faces right now. Because of mainstream press attention, legislators have introduced a bill to tax private equity profits at a higher rate. The domain name industry is also in the press for the wealth it is creating, and this could get the attention of Washington. It's too late to keep the industry out of the press, but it's not too late to influence policy making."

Read full story: ag-IP-news Agency

Related topics: Cybercrime, Cybersquatting, DNS, Domain Names, ICANN