Slashdot Mirror

← Back to Stories (view on slashdot.org)

GoDaddy Files For $100 Million IPO

Posted by ryuzaki0 on from the if-at-first-you-don't-succeed dept.

mpicpp (3454017) writes with news that GoDaddy has filed to make an initial public offering "This is the second time GoDaddy has tried to go public. It went this route back in 2006, but then backed out when it didn't get the pricing it wanted." The SEC Filing indicates that they are not in the greatest financial condition. Quoting CNN: "GoDaddy hasn't made a profit since 2009. The company lost $279 million in 2012. It bled another $200 million last year. This year doesn't look much better, with another $51 million lost in the first quarter." Founder Bob Parsons, currently executive chairman, will be stepping down but remaining on the board of directors.

5 of 110 comments (clear)

  1. How by Anonymous Coward · · Score: 5, Interesting

    How the fuck do you blow $200+ million a year being a registrar? Where does the money go? It can't possibly cost that much unless they are doing something very, very wrong. Where is the cash going?

    SOPA support?

  2. Not their core competency by OzPeter · · Score: 5, Interesting

    GoDaddy should stick to their core competency of strippers, pole dancing and parties(*) rather than this internet thing.

    * Well thats the impression I get from their ads.

    --
    I am Slashdot. Are you Slashdot as well?
  3. Not hard to blow a lot of cash by sjbe · · Score: 5, Interesting

    How the fuck do you blow $200+ million a year being a registrar?

    By buying pointless Super Bowl ads and selling your product for less than it actually costs to provide. It's not hard to lose a lot of money really fast if you sell a commodity product people want for less than it actually costs to provide it. I had a teacher once point out how easy it is to generate sales. Just sell a $2 bill for $1. You'll have all the revenue you can handle but you'll be out of business faster than you can say "Chapter 7 bankruptcy".

    Where does the money go?

    Go dig up the prospectus and it will tell you. I can't be bothered but my guess would be some combination of advertising, infrastructure and management compensation. Possibly debt service too if they went that route.

  4. Re:like those are hard to see on teh intarwebs by NotDrWho · · Score: 4, Interesting

    Their sleazy advertising is what caused me to actually stop recommending them to clients. I used to recommend them to clients for cheap hosting. But after they started to run ads that looked more like Hooters commercials (or ads for a strip club) than ads for a reputable hosting company, I dropped them faster than a hot potato. I'm not sure what kind of dumbass CEO thought he would attract more businesses and charities looking to set up websites by running Superbowl ads featuring half-naked women boozing it up at frat parties, but he definitely misjudged his audience.

    Even their homepage ended up being a fucking embarrassment. I've seen porn sites that were more modest.

    --
    SJW's don't eliminate discrimination. They just expropriate it for themselves.
  5. Since 2009? You don't say! by Bill,+Shooter+of+Bul · · Score: 4, Interesting

    Gee, I wonder what could have effected their profitablity since that year.....

    http://en.wikipedia.org/wiki/D...

    --
    Well.. maybe. Or Maybe not. But Definitely not sort of.