Go Daddy’s Preparing For IPO As Their Customers Are Being Gouged

 
Go Daddy

Go Daddy became a name in domain registration and hosting, as they started off as a small company, offering the lowest prices. As a result, they gained many customers and the company gained billions in revenues. 

However, Hollywood stepped into the picture, nagging and harassing Go Daddy to support such items as SOPA and do their bidding in removing sites from the internet (canceling hosting) the entertainment industry took issue with (some for copyright infringement, other over free speech in conduct that is unconstitutional and fraudulent). As a result ,Go Daddy lost 40,000,000 in one month. Since joining forces with Hollywood, GO Daddy has been steadily loosing hundreds of millions of dollars per year, as attested by published company financial data revealing the significant losses. 

The ironic thing is Go Daddy is worth more than each studios in Hollywood, yet they‘ve allowed them to lead them down a bad business path. Hollywood and the music industry have been experiencing record revenue declines, several on the brink of financial collapse, yet this is who Go Daddy is listening to in the business world, to take them down with them.

Now in preparation for its IPO, Go Daddy has been gouging customers. People chose their service for the low prices. However, Go Daddy has raised the prices of domains. They’ve also cancel renewal coupons customers rely on to gain discounts on their domains. As it stands, Go Daddy is no longer the lowest price domain and hosting company. They’ve raised prices on products between 15-70%. That’s no way to do business. That’s how you lose customers.

Go Daddy has a lot of disgruntled customers due to these price hikes, who are online vowing on various sites, to take their business elsewhere. Go Daddy needs to get it together before they make this IPO, lest it turn into a disaster over customers who are headed for the door.

STORY SOURCE

GoDaddy Files for U.S. IPO of Internet Domain Name Marketplace

Jun 10, 2014 12:01 AM ET June 20 (Bloomberg) - Bloomberg’s Leslie Picker reports on GoDaddy’s IPO plans and looks into the company’s business history and how it may use cash gained from the offering. She speaks on Bloomberg Television’s “Market Makers.” “It’s Go Time” for GoDaddy Inc.’s initial public offering. The tag line from the company’s advertisements also reflects the beginning of its official process to tap the public markets. GoDaddy, based in Scottsdale, Arizona, filed with a $100 million placeholder, without specifying the number or price range of shares it will sell, according to yesterday’s prospectus. Those details will be provided closer to the IPO. 

The company has raised its profile in recent years with advertising campaigns featuring celebrities like race-car driver Danica Patrick and Israeli model Bar Refaeli. Almost 13 percent of the $1.1 billion GoDaddy posted in revenue at the end of 2013 was spent on advertising and marketing. The company’s loss narrowed last year to about $200 million, from $279 million in 2012, according to the filing. At the end of last year, GoDaddy had 57 million domains under management, the filing shows. The company derives most of its revenue from selling the domains and Web-hosting products... 

http://www.bloomberg.com

Mark Zuckerberg Is Having A Very Sad Honeymoon Due To Facebook's Flop On The Stock Market

Mark Zuckerberg and wife Priscilla Chan (Photo Credit: Splash News) 

The photos of Facebook CEO, Mark Zuckerberg on his honeymoon in Italy are quite telling. He and his new bride, Priscilla Chan, look depressed. I've never seen a married couple look so sad on their honeymoon. What could be troubling them.

Mark Zuckerberg and wife Priscilla Chan (Photo Credit: Xposure) 

Could it be because Facebook's IPO was a disaster, scores of people are suing him and the stock is sagging like Madonna. Yea, that'll do it. Such circumstances would bring just about anyone down. What a sucky way to spend one's honeymoon, moping and looking like one wants to cry. Congrats! Somewhere the Winklevoss twins are laughing.

Facebook Fallout Continues As More Information Is Made Public On Disastrous IPO Filled With Insider Trading

Hype Over Substance

 

Barack Obama (center) and Mark Zuckerberg (right)

Facebook stock is being publicly referred to as a rip-off, after a catastrophic IPO on Friday, May 18, 2012. The stock has had a tumultuous week since its debut, continuing on a downward decline. It was hyped to be the biggest and best IPO ever to hit America.

It was done in order to sucker investors out of their money, but the bubble burst immediately, leaving many feeling duped. Some people borrowed money they didn't have to buy the stock, while others risked much of what they had and are now facing serious financial problems for having done so.

Zuckerberg cashed out of Facebook immediately, while investors got burned. He made a fortune in doing so and saved a lot of money in the process as well. This should serve as a red flag to investors. What kind of terrible message is that for Zuckerberg to send to the domestic and global public, regarding the head of the company quickly dumping the stock, indicating he doesn't even believe in his corporation.

Some portray Zuckerberg as a genius and thrifty figure, but he is neither. He is a thief that stole Facebook from the Winklevoss twins and Eduardo Saverin and has been living a lavish lifestyle in a massive mansion off the criminal proceeds of his illegal conduct.

He has escalated the theft to a whole new level, by stealing from the public in overvaluing Facebook for its Wall Street IPO, then immediately dumping the stock when the truth became apparent, making a financial windfall in doing so. This constitutes several felonies.

Mark Zuckerberg

Facebook's IPO is damaging the U.S. economy, with lawsuits flying, people demanding full refunds and many questioning the integrity of the stock market. After Madoff, Stanford, Enron and Worldcom, to name a few, the public is weary of being fleeced and misled by the financial sector. The SEC is doing a poor job of regulating the industry.

Once again, President Obama and the FBI find themselves in controversy, having legitimized Zuckerberg in the public's eyes, via the former inviting him to the White House for a full press dinner and separately, invasive FBI Director, Robert S. Mueller, tracking Zuckerberg down to kiss his backside at a function, in seeking to use Facebook to illegally spy on Americans, as is his way.

Once again, the Obama Administration is championing criminals to the public's detriment, while trying to destroy honest businesspeople that don't bow down and worship him, but publicly speak out, realizing he is taking the nation down the wrong path.

As stated on the site previously, the Judiciary Report is on the side of truth, as difficult and as odd as it may seem sometimes, due to the deeds of others. The Judiciary Report does not like breaking negative, incendiary or weird stories, but when the conduct of certain individuals or companies is of that nature, it becomes a matter of public interest the world needs to know about.

You cannot say the site did not warn you of questionable conduct on the part of public figures and executives at Facebook (and other companies such as News Corp as well). The Judiciary Report and its sister site, the Celluloid Film Review, warned for well over a year that Facebook is operating on fraud. The Facebook site may be fun for the public to visit, but for world governments and financial investors, the sites warned there are serious problems behind the company. Now you see some of it for yourself (there's worse to come).

Facebook Stock Plummets Leaving The Company's Future In Doubt On Wall Street

Mark Zuckerberg

Facebook is turning into faceflop on the stock market in New York, as shares of the social networking site plummeted yesterday. On Friday, May 18, 2012, the stock was being propped up by traders intervening via artificial methods to stop it from going under on Wall Street, which was not enough to counter low numbers regarding its IPO. 

It was billed as the biggest IPO in American history, but failed to live up to those expectations upon its debut. Bad buzz online isn't helping matters either. Yesterday's poor performance of the stock cemented said view, with many people describing it as "disappointing."

Facebook IPO Being Described As Lackluster In Light Of Shares Falling

Mark Zuckerberg

The Facebook IPO that hit Wall Street in America yesterday, described as the biggest of its kind, is being described as "lackluster" and one that "fizzled." Prices initially rose, then dropped to $38.00 per share, forcing stockbrokers to intervene in propping up the price.

This is well below the value of other companies, such as Facebook contemporary Google and investment titan Berkshire Hathaway. On the eve of the initial public offering, General Motors yanked $10,000,000 in ads from Facebook, stating they did not work, having no consumer impact.

"The Social Network" movie

The most valuable companies in America are Apple, Wal-Mart and McDonalds. Facebook has entertained many, but for overall, sustainable value, the Judiciary Report is of the belief, social networking can be fickle and other companies with a more solid business plan and durable products, have a better chance for long term sustainability.

After all, look what happened to MySpace. One minute it was the biggest thing in social networking, the next people stopped using it and Rupert Murdoch was forced to sell it for next to nothing, compared to what he paid for it a few years prior.

STORY SOURCE

GM to drop Facebook ads due to low consumer impact

Facebook off to faltering public start