GoDaddy Stock Rises After FTC Settlement, Promise To Bolster Security: Retail Sentiment Mixed
Shares of GoDaddy Inc. (GDDY) surged more than 1% in mid-market trade on Wednesday after the web hosting company entered into a settlement with the U.S. Federal Trade Commission (FTC). The FTC had alleged in its complaint that GoDaddy did not implement reasonable security measures against threats and misled customers about the data security measures it had enabled on its platform.