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GoDaddy Inc. latest news:
GoDaddy's stock falls after 2nd share offering in 4 months
Shares of GoDaddy Inc. pulled back sharply Wednesday from a record close, after the cloud platform company announced a public stock offering, the second offering in four months. The company said late Tuesday that selling stockholders were offering 20 million shares of common stock, which represented about 12% of the total shares outstanding. Earlier Wednesday, GoDaddy said the offering priced at $44 a share, or 2.6% below Tuesday's record close of $45.18. The stock slumped 3.7% in afternoon trade, after running up 5.8% over the past week. Analyst Sameet Sinha at B. Riley said given that company fundamentals remain on track and the stock's reaction to the last stock offering, he recommended buying on weakness. The stock had dropped 2.3% on May 3 after the company announcing a 24 million share stock offering. It fell another 3.1% in intraday trade the following session, before reversing to close the session up 1.1%. GoDaddy have run up 24% year to date, while the S&P 500 has gained 9.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
GoDaddy slips as investors seek to sell shares in secondary offering
GoDaddy Inc. shares slipped in the extended session Tuesday after the domain name company announced that several investors were selling shares in a secondary offering of its shares. GoDaddy shares declined 2.5% to $44.05 after hours, after closing up 0.5% during the regular session. GoDaddy said the offering consists of 20 million shares held by Kohlberg Kravis Roberts & Co., Silver Lake Partners, Technology Crossover Ventures, and YAM Special Holdings Inc., which is owned by GoDaddy founder Bob Parsons. GoDaddy has about 165 million shares outstanding. Morgan Stanley and Goldman Sachs are the bookrunners for the offering. GoDaddy will not receive proceeds from the offering but the company is also offering 50,000 shares to pay for transaction expenses. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Watch GoDaddy CEO Blake Irving answer 10 questions in 60 seconds
From his first pet to predictions about who will get a human on Mars first.
GoDaddy's CEO Blake Irving to retire
Website hoster GoDaddy Inc (GDDY) said Chief Executive Blake Irving would retire at the end of this year and named Chief Operating Officer Scott Wagner as his successor. Irving would continue to serve on GoDaddy's (GDDY) board through June 2018 and work closely with Wagner through the transition, the company said on Tuesday.
GoDaddy CEO to step down
GoDaddy Inc. Chief Executive Blake Irving plans to retire at the end of the year, the company announced Tuesday, and will be replaced by President and COO Scott Wagner. "After more than three decades in technology, I've decided it's time to retire and begin the next phase of my life," Irving said in Tuesday's announcement. Irving, a former Yahoo executive, took over the CEO role in 2013 and led the domain-hosting company through its initial public offering in 2015. He will remain on GoDaddy's board through June 2018, the company said. Wagner was a part of KKR & Co. when it invested in GoDaddy in 2011, and became CFO and COO when Irving took over; he was promoted to president in 2016. GoDaddy shares, which have been trading at all-time highs this year, lost about 0.5% in late trading after the announcement Tuesday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Twitter latest to sent white-supremacist Daily Stormer site packing
The Twitter account of the white-supremacist website the Daily Stormer is no longer on Twitter Inc. after the social-media platform apparently suspended it for violating its policies. Twitter said it is not able to comment on individual accounts, but the account is listed as suspended on the platform. "The Twitter Rules prohibit violent threats, harassment, hateful conduct, and multiple account abuse, and we will take action on accounts violating those policies," a Twitter spokesperson said in response to a MarketWatch inquiry on the account. The suspension comes after the site was banned from the domain-registry company GoDaddy and Alphabet Inc.'s Google , which reportedly led the site to re-register under a Russian domain name. Facebook Inc. took down an event page related to the white-supremacy march in Charlottesville, Va.,. and also said it was removing links related to a Daily Stormer post that demeaned Heather Heyer, a counterprotester who was killed in Charlottesville, according to the Guardian.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Google cancels domain registration for white-supremacy site the Daily Stormer
Google Inc. said Monday that it had cancelled the domain registration for white-supremacy site the Daily Stormer.
"We are cancelling Daily Stormer's registration with Google Domains for violating our terms of service," a Google spokesperson wrote in an email to MarketWatch. The Daily Stormer was kicked off of GoDaddy Inc. earlier Monday after the site had published an article demeaning Heather Heyer, a protester killed at the neo-Nazi rally in Virginia. GoDaddy gave the Daily Stormer 24 hours to move its domain to another web hosting company.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Neo-Nazi website 'The Daily Stormer' tries Google after GoDaddy rejection
Move comes after the site published an article about Charlottesville victim Heather Heyer using sexist and obscene language that violated terms of service.
GoDaddy expels neo-Nazi site over article on Charlottesville victim
The Daily Stormer has been forced to switch web hosts after disparaging a woman who died in protests in Virginia.
UPDATE 1-GoDaddy removes white supremacist website after offensive post
Aug 14 (Reuters) - The web hosting company GoDaddy said on
Sunday it had given The Daily Stormer 24 hours to move its
domain to another provider after the extremist web site posted
an article denigrating the woman who was killed at a white
nationalist rally in Virginia.
GoDaddy Dumps White Supremacy Site
GoDaddy kicks off neo-Nazi site for violating terms of service
The neo-Nazi website Daily Stormer has been kicked off by its web hosting company, GoDaddy Inc. announced in a tweet Sunday night. GoDaddy , the world's largest internet domain registrar with 17 million customers, said: "We informed The Daily Stormer that they have 24 hours to move the domain to another provider, as they have violated our terms of service." The move apparently came in response to a Daily Stormer article demeaning Heather Heyer, a counter-protester killed when an alleged white supremacist drove into a crowd in Charlottesville, Va., on Saturday, injuring 19 others.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 2-GoDaddy profit beats on HEG deal, hosting business strength
* Total customers up 17.8 percent to 16.9 mln, as of June 30
(Adds CEO comments, details)
Adventures in Capitalism: If GoDaddy Can Turn the Corner on Sexism, Who Can’t?
Skeptics scoffed when Blake Irving vowed to reform the internet business built on salacious television ads. But the change is looking real.
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