Will Coronavirus Create Pandemic Volatility and Effect The Domain Name Industry?

PALM BEACH, FL – According to the CDC, the corona virus, now known as COVID-19, is expected to create a pandemic in the United States very soon. There are already cases in the Boston area which are being closely monitored with some people in quarantine. California has also seen its first case at the LAX airport. 

It’s not so much a question of if this will happen anymore but rather more a question of exactly when this will happen and how many people in this country will have severe illness,” Dr. Nancy Messonnier, the head of the National Center for Immunization and Respiratory Diseases at the Centers for Disease Control and Prevention, said during a media briefing Tuesday.

So far, ICANN cancelled its ICANN 67 meeting in Cancun Mexico, scheduled for March 7 to March 12, saying that it would hold its “First-Ever Remote Public Meeting” Rick Schwartz’s has postponed his next Asheville North Carolina domain meet up saying that it would be delayed indefinitely due to concerns about the Coronavirus.

Stocks continue to plunge with the Dow Jones Index logging its largest reversal in two years. 

We will see community spread in this country,” Nancy Messonnier, a top official at the Centers for Disease Control and Prevention, told reporters.

So what’s next for the domain industry based on the growing concern for the corona virus? Probably no big events will be planned at this time, and there could be a slow down in activity while things work themselves out.

Looking at financial advisers for those into stocks, they have urged clients to avoid “reacting negatively to the market dip” telling clients to just sit tight until the market recovers.

John Colascione

John Colascione is Chief Executive Officer of SEARCHEN NETWORKS®, a digital marketing and technology company founded in 2001. An entrepreneur, author, and digital publisher with more than 25 years of experience, he specializes in search engine marketing, Website Monetization, domain names, and online business development. He is the author of Mastering Your Website and publishes commentary on technology, digital marketing, and the evolving Internet economy. Read more at JohnColascione.com.