Thoughts on the GoDaddy IPO
Domain Name Wire has a recent post about GoDaddy’s Initial Public Offering.
Three things stood out to me:
- GoDaddy’s growth over the last five years has indeed been incredible. Amazing even.
- GoDaddy does not make a profit. I always scratch my head when unprofitable businesses want to go public. Will going public make them profitable all of a sudden? I also scratch my head when people are willing to invest in unprofitable companies. What evidence do they have that this company will all of a sudden make a profit?
-
Domain Name Wire writes:
Last month I wrote about how I believe GoDaddy is violating ICANN’s domain transfer policy by making it difficult to transfer domains away from GoDaddy to its competitors.
For a variety of reasons, I decided to leave GoDaddy as my registrar last year. It DID take forever to get the domains transferred. It really was eye opening. It also confirmed my decision to leave them. Domain Name Wire is correct on this point.
[tags]domains, godaddy[/tags]
Posted by Paul Flyer on Friday, May 19th, 2006 in Domain Names
Anon Says:
August 25th, 2008 at 12:48 pm
How do I leave GoDaddy?! I’m new to making websites, and it’s a terrible site for beginners. Having already paid, will I be able to get a refund? I would really appreciate any advice!