Freenom settles $500 million Meta lawsuit and will exit domain business

Interesting Developements on the domain name Business front, more on this
link
<domainincite.com/29520-freenom-settles-500-million-meta-lawsuit-and-will-exit-domain-business>

Freenom today announced it has resolved the lawsuit brought by Meta
Platforms, Inc. on confidential monetary and business Terms. Freenom
recognizes Meta’s legitimate interest in enforcing its intellectual
property rights and protecting its users from fraud and abuse.

Freenom and its related companies have also independently decided to exit
the domain name business, including the operation of registries. While
Freenom winds down its domain name business, Freenom will treat the Meta
family of companies as a trusted notifier and will also implement a block
list to address future phishing, DNS abuse, and cybersquatting.

Regards