196 place 7

485 GoDaddy Is Having a Moment: Why It Might Not Last

The Information
Anita Ramaswamy @ The Information 2 place · 09/12/2024 09:00 EDT

Grabbing attention is in GoDaddy’s DNA. The web domain hosting company that skyrocketed to widespread fame in the 2010s with a series of provocative Super Bowl ads is having another moment in the limelight, this time with Wall Street investors.

After stagnating at the same level for five years, GoDaddy shares doubled between last November and last month. The rally was sparked by the company’s third-quarter 2023 report that its profit margin had jumped several percentage points, seemingly vindicating its st

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