GoDaddy stock falls below $100 threshold (9.Viewing)

Shares of domain name registrar and website company GoDaddy (NYSE: GDDY) fell below $100 today, to roughly $99.75.

A drop of about 3.5% as of 12:25 pm ET today is part of an overall rout in tech stocks.

However, the company’s share price has been in a precipitous decline for more than a year.

Read more: GoDaddy stock falls below $100 threshold - Domain Name Wire | Domain Name News

It's obvious what's happening here...

New Registrar competition... Spaceship, Atom etc.

New Marketplace competition... Spaceship, Atom etc.

GoDaddy is facing pressure from all angles including their coveted Afternic business.


A betting man would see the decline continue making a possible new acquisition by GoDaddy of some of the new competition almost necessary to hold their current market share.

And you wonder why!

GoDaddy's answer to every single problem seems to be "Higher Prices" and that in turn drives customers away. Short-term thinking leads to long-term pain and it's just going to get worse. All the execs at GD want their fat bonuses, so it's 'increase prices or bust" and they're doing irreparable harm to the company.

It's like Trudeau's "More People" catch-all solution - now we have a homeless epidemic, inflation on survivor-level items is out of control, and sick people are literally dying in the hospital parking lot (or in a hallway / closet / ambulance depot) waiting for medical care that never comes.

Put stupid, self-serving people in charge of anything, and that's what you get.