auctions GoDaddy Expired Auctions can be tricked

[Furquan]

Twitter user and Chinese domain investor posted that Godaddy Auctions allows people to use two bidder accounts on the same name and a lot of people are using it for tricking the auctions.
 

https://twitter.com/i/web/status/1678228128194256896

 

 

[Sutruk]

** Whatever...

 

[bmugford]

https://twitter.com/i/web/status/1708786024548082038

 

[Sutruk]

https://twitter.com/i/web/status/1708786024548082038

Let's hope they listen to you.

 

[Future Sensors]

Starboard Value, and activist GDDY investor, will be interested in these practices, as well.

https://www.starboardvalue.com/contact/

https://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_GDDY_09.12.2023.pdf

https://finance.yahoo.com/news/starboard-delivers-letter-godaddy-120200674.html

 

[Napkin.com]

Has anyone tracked where these domains go?
Private whois?
What landing page do they setup to resell?

Same group of buyers probably?

Selling to the SECOND highest bidder won't work.
If I was fake bid up to $21,000, I sure wouldn't want to pay ANYWHERE near that if I was
the underbidder.
There is ZERO integrity left in these auctions -- no reasonable person would want to bid on these.

Selling names like myuniversity.com for $12 is insanity.

 

[Bannen]

And it looks like there may be a rollback being set up for KVD.com, a new auction there... it has the same earmarks of the other rollbacks...

 

[bmugford]

I guess the bidding on Yabu.com had reached $20,500, but when I just checked it was only $1,611.

https://twitter.com/i/web/status/1709322842246906097

Brad

 

[bmugford]

Yabu.com went from $20K+, down to $1,611 now over $11K again.

The bidding history makes no sense...

https://twitter.com/i/web/status/1709366397111808031

How can @GoDaddy auctions even be trusted at this point?

What a shitshow.

Brad

 

[woodyw]

Happened to me the 2 days ago. I placed a proxy bid up to $137 on a nice little brandable (not worth a massive amount wholesale but worth a shot) not long after I was outbid - $142.

A few seconds later the price shot up to $715 and ended at $730.

It'll be interesting to see if what happens on NameBio over the next couple of days. My guess is it will be unpaid and passed to the $142 bidder.

This needs to stop.

 

[Lox]

... if GD brains allow auction API to be shut down & restarted 1 by 1 .... they will be able to figure out how the ping pong game works and sources... but the shitshow will continue in a different style.. Still the frontrunners are the biggies problem to all .

Regards

 

[Michael]

... if GD brains allow auction API to be shut down & restarted 1 by 1 .... they will be able to figure out how the ping pong game works and sources... but the shitshow will continue in a different style.. Still the frontrunners are the biggies problem to all .

Regards

Auction API access is extremely hard to come by, and this scheme requires burning accounts left and right. Nobody with API access to the auctions is throwing away their accounts.

It has nothing to do with the API, that's a separate issue where API users automatically jump on names with any interest. While annoying, it doesn't really require API access; the companies doing it have enough staff to do it manually and it would probably still be worth it to them to crowdsource their buying.

I think most people would argue stealing names outright is worse than front running. At least the front runners only gain an unfair advantage in the auctions when they get an end user on the hook. They are also terrible people, but this rollback scam is by far the worst issue plaguing GoDaddy auctions.

 

[NetworkPearl]

Yeah, I was talking about godaddy. If they do back and find someone who participated in many fraudulent auctions, resulting in godaddy's loss of money, do they have a case?

Auction API access is extremely hard to come by, and this scheme requires burning accounts left and right. Nobody with API access to the auctions is throwing away their accounts.

It has nothing to do with the API, that's a separate issue where API users automatically jump on names with any interest. While annoying, it doesn't really require API access; the companies doing it have enough staff to do it manually and it would probably still be worth it to them to crowdsource their buying.

I think most people would argue stealing names outright is worse than front running. At least the front runners only gain an unfair advantage in the auctions when they get an end user on the hook. They are also terrible people, but this rollback scam is by far the worst issue plaguing GoDaddy auctions.

Wouldn't verifcation of all auction accounts through ID card etc resolve the issue to some extent? Plus many of these domain auctions can be legitimate too as I remember having bidding wars in the past few years with another bidder which would stretch an auction from mid 3 figs stright to mid 4 figs if i really liked the domain(s). I used to use namejet and had bought a lot of domains through them.

 

[MasterOfMyDomains]

Is @GoDaddy gonna be like epik and ignore the problem hoping we will find other issues ? Hey daddy’s rep why so quiet? Are you one of us that took a job where you bit off more than you can chew?
Thanks @Michael for keeping us up to date on prices.

 

[kor]

HugeDomains also joined this train and started to doing exact same scheme.

 

[charlesmack]

What if second bidder also denies to pay? Where do the domain goes? Is there any chance to get it back?