Domain name registration company GoDaddy.com earned $750 million in revenue this past year according to CEO Bob Parsons. Go Daddy started only about 10 years ago and the company did not raise any venture capital thus far. Go Daddy employs about 2,400 people and is actively hiring people. About 1,600 of those 2,400 people work in customer service. The company has roughly 32,000 active reseller accounts and they host over 3.8 million websites.
In terms of domain name registration, Go Daddy has at least one domain name registered every second of the day. GoDaddy has about 33.5 million domains registered. Wild West Domains, its reseller subsidiary has around 3.3 million domains registered.
Occipital has made over $1 million in revenue from their iPhone application RedLaser. The RedLaser application has been in the top 5 of the Apple App Store for over 3 months now. Occipital did not have a marketing budget whatsoever. The RedLaser application grew with the help of word-of-mouth. Occipital co-founder Jeff Powers said that RedLaser was released this past May, but it did not have any traction.
Occipital released an update shortly after that made the application work properly. After that RedLaser really started growing. RedLaser [iTunes link] barely received any press after the update was made. Occipital has only 2 employees and sells about 6,000 of their application per day with a $1.99 price. The Wall Street Journal and Martha Stewart recently gave the application some publicity. Occipital claims that Martha Stewart’s publicity helped increase sales by about 1,000.
What does RedLaser do? The application scans barcodes using the iPhone camera and searches for the item across many e-retailers. Price comparisons are provided shortly after scanning the item. It is like the Shazam of shopping.
Digital Sky Technologies (DST) is big player when it comes to investing in social networks and virtual good companies. DST invested about $200 million in Facebook and bought equity from the social network’s shareholders in the last couple months. The Russian investment company has also invested in Facebook replica Vkontakte.ru.
Today DST has invested $180 million in social network gaming company Zynga. Zynga makes hundreds of millions in revenue every year and it is suspected that the company is now valuated at over $1 billion. Zynga is best known for making games Mafia Wars and FarmVille. Next up Zynga is making a game called PetVille. DST is buying equity of Zynga from current shareholders as part of the investment.
Ann Arbor, Michigan based book retail company Borders Group, Inc. (NYSE:BGP) is working on an e-books initiative. Borders has partnered with Kobo Inc. to set up an online mobile store for e-books. The e-book store will be fully launched by Q2 of 2010. Kobo is a spinoff of Indigo Books & Music Inc. Kobo is planning to launch an e-book store application for the Apple App Store, BlackBerry App World, Android Market, and Palm App Catalog.
Borders is facing intense rivalry with Barnes & Noble Inc. when it comes to e-books. Barnes & Noble, Inc. (NYSE:BKS) is geared to launch Nook, an e-book reader device. Both Barnes & Noble and Borders have a bigger enemy known as Amazon.com. Amazon’s Kindle and recent exclusive deal is not helping both of the other book retail companies maintain their market share.
The People’s Republic of China has banned citizens from being able to register personal domain names. Those who already own personal domain names in China may even have to give them up. Government regulations are forcing this limitation on domain name registrations. The Chinese government is cracking down on domain name registration in order to limit pornography.
The China Internet Network Information Center banned the Internet domain name registration for personal use unless licensed businesses or state-approved organizations need them. Everyone else that wants to register a .CN domain name has to personally fill out an application form with the company seal, ID photocopy, and business license.
I think that this a major setback for Internet entrepreneurship in China. What are your thoughts? Leave a comment.
Chris Brown recently used Twitter for talking about how mad he is when it comes to the promotion of his music album and how he does not like the music industry these days. Apparently Chris Brown’s album Graffiti was not given much shelf real estate at retail stores such as Wal-Mart.
“im tired of this s**t. major stores r blackballing my cd. not stockin the shelves and lying to costumers. what the f**k do i gotta do…” said Chris Brown on Twitter. “im not biting my tongue about s**t else… the industry can kiss my ass.” In March 2009, Chris Brown was charged with felony assault and for making criminal threats. He was given five years of formal probation which has affected how retail stores are treating him. Below are additional tweets that Brown sent out.
Chris Brown probably received a lot of heat from his publicist because he deleted his Twitter account shortly after his rant. Perhaps his distributors were not happy with being badmouthed and sent him some sort of take-down notice.
The Boeing Company (NYSE:BA) had a great day on Tuesday December 15. For the first time, Boeing landed the Dreamliner 787. The flight landed as thousands of workers and journalists were watching at the Paine Field, north of Seattle. The Dreamliner 787 is a 250 seat jetliner that burns less fuel and lasts longer. The flight landed at 10:30AM.
The Dreamliner is the first commercial plane that is made mostly of composites instead of aluminum and steel. The Dreamliner was about 28 months late, but the delay was worth it in order to work out all the kinks. About 840 of the 787 planes are on pre-order as of right now. The total cost of production for the 787 was roughly $10 billion. The cost for one of the planes is about $150 to $205 million.
Bit.ly has launched a Pro service that allows custom short URLs owned by publication companies to have analytics services. Bit.ly will provide the analytics technology behind the custom short URLs owned by the publication companies. As part of the beta program, publications with short URLs such as AOL, TechCrunch, IGN, The Wall Street Journal, GDGT, MTV, MSN, and The Huffington Post will have reports on how many people clicked on a link, where the visitors came from, etc.
A dashboard will be added to the real-time analytics service provided by Bit.ly. This is very useful to publication companies that experience volumes of traffic from Twitter, Facebook, MySpace, e-mail, IM services, and SMS. Below are a couple of screenshots of the new service. The announcement was made on the Bit.ly blog.
The short URL battle is heating up as Google and Facebook have entered the mix. Google’s short URL is called goo.gl and Facebook’s short URL is fb.me.