In addition to being uninformed about the basic facts here, I think you are over...

sp332 · on June 21, 2012

I didn't mean hosting, I just mean selling the subdomain. Like Verisign sells *.com subdomains.

maxerickson · on June 22, 2012

How much does Google care about $18 million?

(That's assuming they sell millions of domains at a decent price per. They currently make that revenue in a few hours.)

wmf · on June 22, 2012

Yeah, that's what worries me. The strategic value of controlling some TLDs will be higher than the value of renting them out.