Godaddy Inc Stock Price, News & Analysis

Shauna Fields, a GoDaddy employee, shares insights on her career journey, emphasizing the importance of enjoying work to stay motivated. With undiagnosed ADHD, she found joy in tasks like writing, editing, and strategizing. Shauna discusses her involvement with GD Next, an Employee Resource Group (ERG) aimed at mentorship and career growth, and her role as an Intern Buddy. She highlights her passion for mentoring, inspired by her own challenges in finding guidance early in her career. Shauna also offers advice for new GoDaddy employees, urging them to ask questions and build relationships. Outside of work, she enjoys spending time with her family and volunteering with her Girl Scout troop, seeing it as another way to support and mentor others.

GoDaddy (NYSE: GDDY) will announce its second quarter 2024 financial results on Thursday, August 1, 2024, after the U.S. stock market closes. The company will host a live webcast at 5:00 p.m. ET, accessible via GoDaddy's Investor Relations website. A recorded version of the webcast will also be available afterwards.

GoDaddy's 2023 Sustainability Report highlights the company's commitment to ethical conduct and transparency. The report outlines GoDaddy's Code of Business Conduct, which applies to all employees, contractors, and directors and covers essential topics like anti-bribery, data privacy, and anti-discrimination. The company emphasizes continuous ethics training for all staff and contractors, supported by yearly refresher courses.

In 2023, GoDaddy's ethics helpline received high marks for accessibility, scoring 87/100 for ease of reporting issues and 86/100 for management's ethical standards. The 'Be a Guardian' program, launched in 2023, incentivizes employees who exemplify good compliance practices. GoDaddy also aims to create an ethical supply chain through its Supplier Diversity Program, ensuring diverse and small business inclusion. Looking forward to 2024, the company plans to address emerging ethical issues, including the responsible use of GenAI and enhanced data protection.

GoDaddy's 2023 Sustainability Report highlights the company's commitment to content safety and freedom of expression. Emphasizing balance, GoDaddy targets harmful content while allowing diverse thoughts. The company follows strict policies outlined in its Universal Terms of Service (UTOS) against violence, child exploitation, terrorism, and fraud. GoDaddy's Content Safety team processed nearly 10,000 complaints, responding within 46 hours on average. As a member of the Tech Coalition since 2006, GoDaddy actively combats online child sexual exploitation and abuse (CSEA) using advanced technology and industry collaboration. The report underscores GoDaddy’s pledge to continue minimizing harmful content impacts and building stakeholder trust in 2024.

GoDaddy's Venture Forward initiative released its Q2 2024 newsletter, featuring key insights about small and microbusinesses. The updated Microbusiness Data Hub shows significant growth in microbusinesses, particularly in the Beauty and Health/Medical sectors. Palm Beach, FL, and Oklahoma City, OK, witnessed remarkable increases in active microbusinesses, with rural areas growing faster than suburban and urban areas.

The newsletter also highlights results from a national survey revealing increased use of Generative AI (GenAI) by microbusiness owners to enhance competitiveness. The survey found that ambitious and diverse entrepreneurs, especially Black and Hispanic, are leveraging GenAI more than others.

Despite a surge in new business formations, access to capital remains a challenge. A panel at the Milken Institute Global Conference discussed the necessity of innovative funding models to support small businesses.

Additionally, the newsletter shares data-driven insights on microbusiness trends in the U.S., U.K., Canada, and Australia, showing how these businesses are thriving in various regions.

GoDaddy's Venture Forward initiative highlighted small businesses' significant economic impact at the 2024 Milken Institute Global Conference. Despite a 10% increase in new business formations outpacing population growth, access to capital remains a major challenge for microbusinesses. The panel discussed the need for innovative funding models to support these ventures, which drive local GDP, job creation, and median household income increases. Strategies included evolving underwriting processes, offering technical assistance, and enhancing community support. Venture Forward research showed that more than 40% of entrepreneurs turned online microbusinesses into their primary income source, and these enterprises significantly contribute to household income and job creation.

GoDaddy (NYSE: GDDY) has elected Graham Smith as a new independent director as of June 26, 2024. Smith will serve as a Class I director until the 2025 annual meeting, where all directors will stand for election. He joins the Audit and Finance Committee. Smith's extensive experience includes leadership roles at top technology companies, such as Salesforce, Splunk, and Oracle. GoDaddy's board chair Brian Sharples and CEO Aman Bhutani both expressed confidence in Smith's ability to drive growth and profitability. Smith currently serves on the boards of Axon Enterprise and Procore Technologies.

Trish Brown, the Senior Global Recruiting Operations Manager at GoDaddy, shares insights into her career and experiences at the company. Trish joined GoDaddy in November 2021 and has since expanded her role to support global recruiting operations. She recounts a proud moment where the Talent Acquisition leadership team aided a colleague affected by a cyclone. Emphasizing diversity and inclusion, Trish prioritizes creating a connected, inclusive team environment. She describes GoDaddy's culture as balanced, with a focus on work-life balance through flexible schedules and Wellness Days. Trish advises potential candidates to excel in their roles and stay updated on industry trends. Outside of work, she enjoys family time, travel, and various hobbies.

GoDaddy's 2023 Sustainability Report highlights its commitment to cybersecurity and data privacy. The company maintains comprehensive cybersecurity programs and adheres to regulatory standards. The Board oversees cybersecurity risk management through its Audit and Finance Committee, receiving regular updates from the Chief Information Security Officer (CISO). GoDaddy employs proactive monitoring, Security by Design principles, and aligns with standards like PCI-DSS and ISO 27001. The Privacy Officer leads data privacy efforts, ensuring compliance with global regulations. Notably, GoDaddy certified its compliance with the U.S.-E.U. Data Privacy Framework in 2023. Employee training and incident response protocols are emphasized, aiming to adapt to evolving cybersecurity and data privacy landscapes.