What goes up, must come down. That is true in most cases however, not so with the monopoly known as Verisign.
Verisign keeps the master list for .com and .net domains. The planed increase will be 7% to $7.34 for .com and 9.9% to $ 4.65. Guess what else went up? Their stock. It’s shares jumped 9.9% to $24.25 in after hours trading on the announcement.