• Best Managed Accounts
  • Best IRA Accounts
  • Best Forex Brokers
  • Best Forex Robots
  • Best Saving Accounts
  • Best Stock Brokers
  • Best Crypto Platforms
  • Best Crowdsourced Review Sites
No Result
View All Result
MFA
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News
No Result
View All Result
MyFinAssets
No Result
View All Result
Home News

GoDaddy Faces Pressure to Explore Potential Sales

September 12, 2023
in News
0
A A
0

Shares of GoDaddy Inc. (GDDY) experienced a 3.5% surge in premarket trading on Tuesday following a letter sent by activist investor Starboard Value LP, urging the company to explore “alternative value creation opportunities.” These opportunities include considering a potential sale of the renowned web-hosting company.

With a hefty 7.8% stake in GoDaddy, Starboard believes that the company is significantly undervalued. In fact, the stock is currently trading at roughly a 40% discount compared to its counterparts in the broader technology sector. In light of this, Starboard emphasizes the need for further cost-cutting measures to enhance shareholder value.

Moreover, Starboard finds it troubling that GoDaddy has not welcomed one of its largest shareholders to be represented on its board. This lack of representation raises concerns, especially considering the company’s history of failing to meet its commitments and generating subpar shareholder returns.

While GoDaddy’s stock has suffered a 6.0% decline over the past year, it’s worth noting that the Technology Select Sector SPDR ETF (XLK) has witnessed an impressive 24.6% rally during the same period. Additionally, the S&P 500 (SPX) has surged by 9.2%.

It will be interesting to see how GoDaddy responds to Starboard’s letter, as it grapples with the pressure to reassess its prospects and potentially explore a sale. Investors will undoubtedly keep a close eye on any developments as they unfold in the coming weeks and months.

Trade like pro, no experience needed
Best Managed Accounts 2022
Tags: activist investorGoDaddysales opportunitiesshareholder valuevalue creation
TweetShareShare
Previous Post

CureVac Advances mRNA Flu Vaccine Candidate

Next Post

Republican Senator Accuses SEC Chair of Harassment

Related Posts

Tron Inc. Debuts on Nasdaq as Justin Sun Rings Opening Bell – TokenPost

July 26, 2025

EFCC Takes Sensitization Campaign On Virtual Assets, Money Laundering To CBN – InfoStride News

July 25, 2025

Binance’s Top Trending Cryptocurrency Picks for Today, July 23, 2025

July 24, 2025
Next Post

Republican Senator Accuses SEC Chair of Harassment

Casey's General Stores Inc. Reports Historically High Fuel Margins in Q1 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Performing Trading Systems

TechBerry 95%
Forex Cyborg 80%
Automic Trader 75%
DynaScalp 70%
Happy Forex 65%

Follow our Twitter

Popular

  • Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

    0 shares
    Share 0 Tweet 0
  • Best 7 Binance Smart Chain Projects

    0 shares
    Share 0 Tweet 0
  • How to Invest With Grayscale Bitcoin Trust Indicator

    0 shares
    Share 0 Tweet 0
  • Missed the Cardano Surge? Why Qubetics Is the Top Crypto to Buy for 2025 and Beyond

    0 shares
    Share 0 Tweet 0
  • Happy Forex Review

    0 shares
    Share 0 Tweet 0

INVESTING

  • Bonds Investing
  • Crypto Trading
  • Forex Trading
  • Mutual Funds
  • ETFs Investing
  • Real Estate Investing
  • Stock Trading

RETIREMENT

  • 401(k)
  • IRA
  • Retirement Planning
  • Retirement Calculator

REVIEWS

  • Online Brokers
  • Robo Advisors
  • Signal Providers

MONEY MANAGEMENT

  • Banking
  • Financial Advisors
  • Money Market Accounts
  • Savings Accounts

PASSIVE INCOME

  • Automated Trading
  • Managed Accounts
  • Passive Income Apps

Are you looking for the best investment plan?

Let our financial advisors help you

Contact Us

PERSONAL FINANCE

  • Financial Independence
  • Saving Money
  • Paying Off Debt
  • Make More Money
  • Best Managed Accounts
  • Best IRA Accounts
  • Best Forex Brokers
  • Best Forex Robots
  • Best Saving Accounts
  • Best Stock Brokers
  • Best Crypto Platforms
  • Best Crowdsourced Review Sites
  • Home
  • Blog
  • Privacy Policy
  • Disclaimer
  • Contact Us

© 2023, Myfinassets

No Result
View All Result
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News

© 2023, Myfinassets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In