GoDaddy, one of the world’s largest domain name registrars, filed for Chapter 11 bankruptcy protection in 2018 and has subsequently made significant changes in its operations.
Company Background
GoDaddy, Inc. is an American technology company that offers various online services, including domain name registration, web hosting, email, marketing, and search engine optimization.
Business Updates
-
GoDaddy announced selling its domain name registration business to Namecheap, along with implementing cost-cutting measures such as layoffs.
-
In recent years, GoDaddy underwent restructuring to offer more competitive pricing and product line simplification.
-
Despite facing challenges, GoDaddy remains a key player in the online services market, with a customer base exceeding 40 million.
Strategic Acquisitions and Investments
- GoDaddy has made strategic investments, including acquiring domain extensions like .wiki and receiving a significant investment from KKR.
Data Breach Incident
In December 2022, GoDaddy faced a data breach that involved unauthorized access to its network and domain redirection, signaling security vulnerabilities.
Continued Operations
Despite setbacks, GoDaddy continues to provide domain registration and hosting services while emphasizing support for online businesses.