If I understand correctly, any random company can bid for gTLD's and buy the rights to resell subdomains for them, correct? If these companies fold, do people who buy subdomains lose their investment? If I buy a gTLD subdomain and invest in it, am I at a risk of losing it all if the owner of the gTLD owner wants to take it or if they go broke? In other words, suppose a subdomain for a gTLD becomes big, is the property safe? Or does ICANN offer any guarantees? I searched but couldn't find any info about this, so I guess BHW would be the best place to ask. Thanks.