GoDaddy CEO Aman Bhutani made a live appearance this morning on Yahoo Finance to discuss how small businesses are impacted by the COVID-19 coronavirus pandemic and what that means for GoDaddy’s operations. Aman did not mention domain names in this morning’s discussion, but he did discuss how “micro businesses” with 500 or fewer employees are coping with the pandemic and associated economic fall-out.
In its Investor Day presentation on April 2nd, GoDaddy commented about the impact and potential impact COVID-19 will have on the secondary aftermarket where many domain investors sell their domain names (along with GoDaddy’s NameFind portfolio company). The company cautioned that “higher price point offerings / more likely to see greater demand impact in a recession.”
Although Aman did not discuss domain names, I think it is still reassuring to hear what GoDaddy is seeing because it will have a direct impact on domain names, particularly at the lower price levels.