gpmgroup - 2:21 pm on Jan 7, 2012 (gmt 0)
Naturally .com will suffer most. The first blow to .com was when ccTLDS got popular in their respective countries. In countries like UK, Germany, China and India etc you will hardly see any local business using .com.
Correlation causation confusion.
Dot com is the default extension for US (in spite of having its own ccTLD .us). Majority of the nice .comís are still not developed. Their owners ask extortionate price for them. The market had to correct itself. Well done, ICANN!
Why are there even more .us domains undeveloped [than .com]? And why are those prices usually incredibly much cheaper compared to the equivalent .com?
So if people prefer com to .us why would they prefer a .nyc? Or a .la?