Items tagged with web hosting

GoDaddy, the the world's largest ICANN-accredited Internet domain registrar with more than 59 million domain names under its management, has filed for an initial public offering (IPO) of at least 22 million shares expected to be priced between $17 and $19 a pop. On the higher end, that would value the company at $2.87 billion, far less than the $4.5 billion figure that was being through around several months ago. That would also raise up to $418 million, the net worth of the 22 million Class A shares, or potentially more if the underwriters of the IPO decide to buy more shares. The total number... Read more...
A few days after Yahoo announced it would lay off nearly 700 workers, Yahoo is shutting down GeoCities, which it acquired in 1999 for $4 billion. GeoCities is the latest casualty in Chief Executive Carol Bartz's campaign to close duplicative and underperforming products. Last week, Yahoo announced the closing of Jumpcut, an online video-editing service, and FareChase, a travel Web site. During Yahoo’s earnings call on Tuesday, Bartz also mentioned the discontinuation of Yahoo Briefcase, My Web, Yahoo Audio Search, RSS ads, Yahoo Pets, Yahoo Live, Kickstart, and Yahoo For Teachers. The company posted... Read more...