LOOKS LIKE GODADDY IS IN DEEP TROUBLE!!
The magic of social media:
According to many people sending me dm's it looks like the reason why many domainers are not receiving their payouts from Afternic
(After they sold their domains more than a month ago!) Is due to GoDaddy cash flow problems.
Here is what some users told me...
User1: "Hi jack.
We work for a domain business with a xxx,xxx portfolio, there is an auto renew issue.
We suspect there are cash flow issues .
It definitely happened in the last month and we are fighting to get refund but hitting a brick wall (and we have a dedicated account manager at GoDaddy)".
User2: "Someone said on x afternic have million dollar liabilities"
User3: "Pretty sure godaddy have cash flow issues. Heard about them auto renewing thousands of domains (in error) but not refunding , some of the big boy portfolios."
User4: "Godaddy renewed a few thousand of their expiring #domains which weren’t set to renew . They’ve got so many they wouldn’t have noticed but they were doing a data exercise and picked it up. I think the auto renew issues seems common having had a quick google . But for people like us it may only affect one or two domains once in a while."
Based on everything, I think that if you don't have connections at #GoDaddy but you are a regular #domainer like most of us and you sold a #domain through #Afternic, you won't receive your payment anytime soon. I wonder if this issue will affect sales on Dan too (
@undeveloped
). It's probably better to move your landers to Dan, or maybe somewhere else.
This kind of situation doesn't look good; it's pretty similar to how the #Epik saga started before their fall.
I believe with the rise of many new and good registrars, marketplaces, the good days for GoDaddy are numbered, and that's probably why they are reducing their stuff, closing tools and asking ridiculuous prices for it, closing platforms, while competitors are growing, doing the exact opposite, implementing new tools, rebranding to top tier domains, reducing commission fees and more.
Hopefully they pay all those fellow domainers, they are not the ones who need to fix Godaddy's troubles, we are not a bank, just pay to your customers, we domainers are paying millions to godaddy every year in reg fees, sales fees and more, the minimum GD should do is PAY THE DAMN MONEY!!.