So it has come to this: US cuts cord on internet oversight.

The US government on Saturday ended its formal oversight role over the internet, handing over management of the online address system to a global non-profit entity.

The US Commerce Department announced that its contract had expired with the Internet Corporation for Assigned Names and Numbers, which manages the internet’s so-called “root zone.”

That leaves ICANN as a self-regulating organization that will be operated by the internet’s “stakeholders” — engineers, academics, businesses, non-government and government groups.

The move is part of a decades-old plan by the US to “privatize” the internet, and backers have said it would help maintain its integrity around the world.

The last bit is truly a marvel. The things that some people believe!