Is .com the 212 area code of domains ?

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The World Wide Web is getting wider with the addition of new top-level domains this year, but experts say businesses and marketers may find that grabbing new options won’t do much good. The .com ending for Internet addresses still rules.

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I agree, with all the new extensions I see the .com becoming more valuable as it becomes the trusted standard. The general public will loose confidence with all the new extensions as scammer and squatters pick them up.