Rise of global domain squatters?

Internet retail company Amazon Inc. is looking to acquire global top-level domain names such as .book, .read and .author. Photo: ReutersPublishers this month have voiced concerns that Internet retail company Amazon Inc.’s move to acquire global top-level domain names, or gTLDs, such as .book, .read and .author will result in stifling competition by giving it a dominant position in the book and ebook worlds.
Two big US publishing groups–the Authors Guild and the Association of American Publishers (AAP)—have joined retailer and Amazon’s arch competitor, Barnes and Noble Inc., in writing to the Internet Corporation for Assigned Names and Numbers (Icann), which is overseeing the sale of gTLDs, for the same. source