Thursday, August 10, 2006

Free AOL Sends Go Daddy IPO Packing

"It's hard to say just how excited or indifferent institutional investors were on investing in Go Daddy on its own merits. That's because the withdrawal of the company's IPO came on the same day that America Online announced it would offer email domain registrations for free, effectively pulling the rug that was Go Daddy's consumer-oriented market out from under its feet.
Aside from businesses, most domains are registered to people who want a personalized email address and their own Web site. AOL will start offering the vanity email addresses next month, and domains for personal sites will follow. AOL hopes to stitch those sites into its own social network. "

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