discuss GoDaddy on CNBC?

[ThatNameGuy]

Anyone see CNBC's interview with Aman Bhutani, GD's CEO from Friday? If you want to see it just go to Elliot Silver's Blog DomainInvesting(.)com

One might say if you know anything about investing that GD blew the cover off the ball with regards to earnings and growth, and even their projections for the future were unbelievable.

Even their DUM aka Domains Under Management doubled last year during the Pandemic. When asked how it was they doubled, Aman didn't seem to have a very clear answer. I wonder why?

Mysteriously two key people at GD retired at the same time earnings were released and one was their CFO...the guy in charge of the numbers. Does anyone find that curious? For some unknown reason their stock actually dropped 7.65% Friday after their announcement

The last time I appeared on CNBC was July 3rd 2003/4 when I was being interviewed about Health South (stock symbol HLS), and they were going through CFO's like it was a revolving door. Ultimately their CEO and founder Richard Scrushy went to prison and was later featured on the hit TV show American Greed.

I'm only saying this because I know first hand that Afternic despite being a division of GD doesn't seem to communicate with GD? I wonder what's up with that? One might note that Uniregistry was recently purchased by Go Daddy for an undisclosed amount of money yet Frank Schilling's offshore company still seems to be in tact? I wonder what's up with that.

Please don't read anything into what I've just said because I'm on the outside looking in. However dealing with them and the registry Radix who owns the extension .online has been challenging to say the least.

Thank you again NamePros for allowing me to share

 

[bmugford]

Their domains under management grew because during a pandemic many companies were forced online.

Their stock went from $78 to $92 over 10 days.

It was overbought and due for a pull back. That is the standard ebbs and flows of the stock market.

Brad

 

[bmugford]

Do you know anything about the medical billing business Brad?

I doubt you can easily find some random interview from 15+ years ago. If you can find it I will be happy to watch it.

I sure do. My aunt sold her medical billing company to McKesson.

Brad

 

[AEProgram]

Some people like to leave on a high note. Bezos retired as CEO of Amazon recently. We are heading into a post pandemic world, a lot of the earnings will come down, if you had plans to leave, now is a good time.

 

[ThatNameGuy]

Some people like to leave on a high note. Bezos retired as CEO of Amazon recently. We are heading into a post pandemic world, a lot of the earnings will come down, if you had plans to leave, now is a good time.

That's a good point assuming nothing else is going on like was going on at Health South at the turn of the century. Sometimes people in the know don't even know.

 

[CraigD]

Some people like to leave on a high note. Bezos retired as CEO of Amazon recently. We are heading into a post pandemic world, a lot of the earnings will come down, if you had plans to leave, now is a good time.

Agree.
In my experience if you have a good position and wish to work in a particular field again, leave on a high note or during a restructuring period when mass exodus often occurs.

 

[ThatNameGuy]

Agree.
In my experience if you have a good position and wish to work in a particular field again, leave on a high note or during a restructuring period when mass exodus often occurs.

I think you're missing the point Craig.....whether it's referred to as hoarding, scalping or outright fraud, the FBI, FTC and ICANN need to be investigating the unregulated secondary market where;

"Flipping domain names or warehousing them to create scarcity adds nothing to the
industry and merely allows those engaged in this questionable practice to enrich themselves at the expense of consumers and businesses. So how large is this market? The answer may shock you. Verisign estimates that over $1 billion in annual secondary market sales of .com domain names can be documented
through publicly available data. Several domain speculators believe the size of the total market is $2 -3 billion a year. Perhaps $1.5 billion is closer to the actual number, which is about equal to the total annual pre - tax domain name revenue of all ICANN registry services providers combined, including Verisign."

These are all very serious allegations that need to be resolved. With the Chief Legal Officer and the CFO of GD both announcing their retirements at the same time, if I were a shareholder I would be concerned. I happened to notice too that the CFO Ray Winborne sold 45,000 of his shares in the last quarter. I'm not sure, but I think that's all he could sell just prior to an earnings call.

Finally, for those of you who are speculators I'd highly recommend that you learn how this business works. GD controls/owns over 20% of the domain aftermarket, and with regards to my personal dealings with them, I can tell you I'm very concerned.

 

[bmugford]

I think you're missing the point Craig.....whether it's referred to as hoarding, scalping or outright fraud, the FBI, FTC and ICANN need to be investigating the unregulated secondary market where;

"Flipping domain names or warehousing them to create scarcity adds nothing to the
industry and merely allows those engaged in this questionable practice to enrich themselves at the expense of consumers and businesses. So how large is this market? The answer may shock you. Verisign estimates that over $1 billion in annual secondary market sales of .com domain names can be documented
through publicly available data. Several domain speculators believe the size of the total market is $2 -3 billion a year. Perhaps $1.5 billion is closer to the actual number, which is about equal to the total annual pre - tax domain name revenue of all ICANN registry services providers combined, including Verisign."

These are all very serious allegations that need to be resolved. With the Chief Legal Officer and the CFO of GD both announcing their retirements at the same time, if I were a shareholder I would be concerned. I happened to notice too that the CFO Ray Winborne sold 45,000 of his shares in the last quarter. I'm not sure, but I think that's all he could sell just prior to an earnings call.

Finally, for those of you who are speculators I'd highly recommend that you learn how this business works. GD controls/owns over 20% of the domain aftermarket, and with regards to my personal dealings with them, I can tell you I'm very concerned.

How ridiculous do you sound? Yeah, let's get the FBI involved when it comes to reselling domains. They better investigate the selling of real estate for profit also.

You are throwing out a lot of baseless allegations against GoDaddy here. Pretty much any time an executive sells stock in a company it is scheduled in advance.

Verisign adds no value to the market. If the .COM registry was put out for a public tender the price would likely drop to $1-$2 a year.

They also have no problem selling to the same speculators they are trashing. Can we get a promise from them to return all the money from domains they have sold which have not been developed? Obviously not, since they want to have it both ways.

If anything Verisign is the monopoly that needs regulatory attention. They are exclusive provider of .COM via a non-competitive contract.

Guess what? Registering thousands of .online and .realty domains for resale is the exact same thing. The only difference with .com is people actually want to own them.

It is quite humorous it is "hoarding" when other people do the same thing you are doing. Somehow what you are doing is not "hoarding".

Get out of here with this nonsense. This is how the free market works. Sorry.

Brad

 

[ThatNameGuy]

How ridiculous do you sound? Yeah, let's get the FBI involved when it comes to reselling domains. They better investigate the selling of real estate for profit also.

You are throwing out a lot of baseless allegations against GoDaddy here. Pretty much any time an executive sells stock in a company it is scheduled in advance.

Verisign adds no value to the market. If the .COM registry was put out for a public tender the price would likely drop to $1-$2 a year.

They also have no problem selling to the same speculators they are trashing. Can we get a promise from them to return all the money from domains they have sold which have not been developed? Obviously not, since they want to have it both ways.

If anything Verisign is the monopoly that needs regulatory attention. They are exclusive provider of .COM via a non-competitive contract.

Guess what? Registering thousands of .online and .realty domains for resale is the exact same thing. The only difference with .com is people actually want to own them.

It is quite humorous it is "hoarding" when other people do the same thing you are doing. Somehow what you are doing is not "hoarding".

Get out of here with this nonsense. This is how the free market works. Sorry.

Brad

Now we're talking Brad.....you stick up for what you think is right, and I'll defend to my dying days what I KNOW IS WRONG;

"Greed" is when Go Daddy sells you a domain for $1, then takes it back and tries to sell it back to you for $500,000. I'm not even sure “Greed” is the right vernacular.

Discussion Notes
Support Staff Response
Dear Valued Customer,

Thank you for contacting GoDaddy. I am a member of our Advanced Technical Support team and would like to thank you for your patience while we investigated this matter. Your request regarding reservations.online has been directed to our department for review. At this time, we have heard back from the registry. The domain is available for a $500,000 one-time price or may be available for a smaller recurring yearly price from other registrars. If you are interested in the one time price, please contact us and we can move forward with the transaction.

Again, thank you for your patience. Please feel free to contact us 24/7 should you need any further assistance.

Regards,

Alex M.
Advanced Technical Support


If you need any additional help, call us anytime at +1 (480) 505-8877 and reference Incident ID [Incident ID: 43969496].

 

[bmugford]

Now we're talking Brad.....you stick up for what you think is right, and I'll defend to my dying days what I KNOW IS WRONG;

"Greed" is when Go Daddy sells you a domain for $1, then takes it back and tries to sell it back to you for $500,000. I'm not even sure “Greed” is the right vernacular.

Discussion Notes
Support Staff Response
Dear Valued Customer,

Thank you for contacting GoDaddy. I am a member of our Advanced Technical Support team and would like to thank you for your patience while we investigated this matter. Your request regarding reservations.online has been directed to our department for review. At this time, we have heard back from the registry. The domain is available for a $500,000 one-time price or may be available for a smaller recurring yearly price from other registrars. If you are interested in the one time price, please contact us and we can move forward with the transaction.

Again, thank you for your patience. Please feel free to contact us 24/7 should you need any further assistance.

Regards,

Alex M.
Advanced Technical Support


If you need any additional help, call us anytime at +1 (480) 505-8877 and reference Incident ID [Incident ID: 43969496].

The response from GoDaddy support explained the situation.

The domain you attempted to register was reserved by Radix, the registry itself. This has nothing to do with GoDaddy being greedy. It is the .online registry you are promoting which is being greedy, by "hoarding" these domains and demanding a massive premium.

Brad

 

[ThatNameGuy]

The response from GoDaddy support explained the situation.

The domain you attempted to register was reserved by Radix, the registry itself. This has nothing to do with GoDaddy being greedy. It is the .online registry you are promoting which is being greedy, by "hoarding" these domains and demanding a massive premium.

Brad

Very sad Brad This is not an anomaly, I know you're doing your best to silence me, but that will NEVER HAPPEN. "Get out of here with this nonsense".

btw, you're not doing this industry, Go Daddy or Radix any favors by threatening "get out of here". Where is Joe btw....MIA.online

 

[bmugford]

Very sad Brad This is not an anomaly, I know you're doing your best to silence me, but that will NEVER HAPPEN. "Get out of here with this nonsense".

btw, you're not doing this industry, Go Daddy or Radix any favors by threatening "get out of here". Where is Joe btw....MIA.online

I don't need to silence you.

All you are doing is registering domains in inferior extensions and saying everyone else is "hoarding" domains. You are doing the same thing, only with domains in far less demand.

Radix is the "hoarder" here not GoDaddy. Radix, the registry you are promoting.

You need to learn the basics before throwing around baseless allegations. It only makes yourself look silly.

Brad

 

[ThatNameGuy]

I don't need to silence you.

All you are doing is registering domains in inferior extensions and saying everyone else is "hoarding" domains. You are doing the same thing, only with domains in far less demand.

Radix is the "hoarder" here not GoDaddy. Radix, the registry you are promoting.

You need to learn the basics before throwing around baseless allegations. It only makes yourself look silly.

Brad

The domain industry has a bad enough reputation as it is, and you're not doing yourself any favors. This industry needs to clean up it's act before the feds clean it up for you. Go Daddy is the biggest hoarder of domains in the world, and you have to be blind not to see it.

 

[bmugford]

The domain industry has a bad enough reputation as it is, and you're not doing yourself any favors. This industry needs to clean up it's act before the feds clean it up for you. Go Daddy is the biggest hoarder of domains in the world, and you have to be blind not to see it.

Good luck with your crusade, as if there are not endless more important things in the world to worry about.

 

[ThatNameGuy]

I don't need to silence you.

All you are doing is registering domains in inferior extensions and saying everyone else is "hoarding" domains. You are doing the same thing, only with domains in far less demand.

Radix is the "hoarder" here not GoDaddy. Radix, the registry you are promoting.

You need to learn the basics before throwing around baseless allegations. It only makes yourself look silly.

Brad

Thanks for recognizing that "hoarding" exists at least at one level in the domain industry.

You said;

"Radix is the hoarder here not GoDaddy". Words matter Brad, and I'm here to tell you it exists at ALL levels.
At least we're making progress, and that's what really counts.

 

[bmugford]

Thanks for recognizing that "hoarding" exists at least at one level in the domain industry.

You said;

"Radix is the hoarder here not GoDaddy". Words matter Brad, and I'm here to tell you it exists at ALL levels.
At least we're making progress, and that's what really counts.

Notice the quotes I put around "hoarding" and "hoarder"? That is referring to your use of the term.

Quotation marks around single words can occasionally be used for emphasis, but only when quoting a word or term someone else used. Usually, this implies that the author doesn't agree with the use of the term. He said he was “working”; it looked to me like he was procrastinating.

 

[ThatNameGuy]

Notice the quotes I put around "hoarding" and "hoarder"? That is referring to your use of the term.

Quotation marks around single words can occasionally be used for emphasis, but only when quoting a word or term someone else used. Usually, this implies that the author doesn't agree with the use of the term. He said he was “working”; it looked to me like he was procrastinating.

No Brad...we all know what you mean, and while you might not personally use the words "hoarder" or "hoarding", the fact you even recognize the FACT that registries/registrars and their clients are creating scarcity by overpricing domains to the detriment of consumers and business's is major.

Thanks again for your candor and honesty