Godaddy lost almost 300 MILLION in 2012.
They lost 50 million in a recent quarter.
Yet it’s trying to do an IPO for 100 Million.
A dumb group of three equity funds paid over 2 BILLION for a large stake in the company a couple of years ago.
Elephant shooting CEO Bob Parsons has stepped down as CEO so the IPO express can get a green light with the SEC.
I always said after the initial rush of registrations through Network Solutions which was a CIA FRONT company owned by SAIC which is CIA’s backwards, that there was NO MONEY in Domain Name Registration.
The dough has always been in selling, developing and doing IPO’s on a Domain Name with a real business models.
Just look at the board of SAIC, the company that owned originally NETSOL or Network Solutions.
ALL EX CIA SPOOKS
SACI is the company that sells screwdrivers for around $1,000 to the US Military on fat government contracts.
SAIC is CIA’s backwards people, and they controlled the original net and now Godaddy is trying to float an IPO with a company that bleeds money. HUNDREDS OF MILLIONS IN LOSES and they want to do an IPO?