Cyber Squatting are people who register names of trademarks and domain names to corporations for profit. Cyber Squatters own most URL's that companies would associate with their business.
Cyber Squatters shouldnt be able to own all websites or most because these websites need to be for business use than to scam someone to pay for their websites.
Source: http://en.wikipedia.org/wiki/Cybersquatting
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