New Yahoo! domain prices — can they be serious?

Is Yahoo! nuts? They want too much moolah (piles of money)
Is Yahoo! nuts? They want a 351% increase for domains!

Might as well say “This is Yahoo calling…and we need your money.”

I just got an email from Yahoo! Domains (where I registered madeindenver.com) that says the following:

Important note: Beginning on July 1, 2008, Yahoo!’s annual domain renewal price increases to $34.95 per year.

Yahoo is going to charge $34.95 a year for domains, up from $9.95. This is unbelievable. I know they’re trying to bolster their bottom line so Microsoft and Icahn stay away, but is charging 351% more than before, and 500% markup the way to do it?

If you’re going to pay too much money for something, you might as well treat yourself to Starbucks and enjoy it.

People are pissed off.

Yahoo needs all the good press it can get.  This was stupid and an abuse of their stature.