The pandemic has led to increased demand for web hosting and website builders as more people look to start their own small businesses online during this time of economic upheaval.
This has led GoDaddy’s share price to rise by 20.2 percent over the past month and its stock is currently trading at $83.50 at the time of writing.
While Q2 was a very strong quarter for the web hosting company founded back in 1997, the website builder Wix had an even stronger second quarter during which time it brought in $236.1m in total revenue compared to $185.4m during the same period last year.
Unlike GoDaddy that is a web hosting company that also offers a website builder, Wix is a website builder first though the company does include free web hosting with all of its plans.
Surpassing GoDaddy
At the…
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