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GoDaddy Feels the Wrath of Netizens for Its Pro-SOPA Stance

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If there’s any company that should know the power of the internet better, it should be web hosting company Go Daddy.
After the company announced its support for the Hollywood-backed Stop Online Piracy Act, or SOPA, a poster on influential forum Reddit rallied those against the bill to move their domains away from Go Daddy.
"The idea itself is pretty simple: I'm suggesting Dec 29 as move your domain away from Go Daddy day because of their support of SOPA," the user named selfprodigy wrote. "Who's with me?"
Recogzing the power of Reddit, Go Daddy CEO Warren Adelman pulled the firm’s support of SOPA less than 24 hours after the boycott was posted.
“Go Daddy is no longer supporting SOPA, the ‘Stop Online Piracy Act’ currently working its way through U.S. Congress.” Adelman said in a statement last Friday, according to the Atlantic Wire. "Fighting online piracy is of the utmost importance, which is why Go Daddy has been working to help craft revisions to this legislation -- but we can clearly do better. It’s very important that all Internet stakeholders work together on this. Getting it right is worth the wait. Go Daddy will support it when and if the Internet community supports it." 
And even though the boycott was set to take place on Dec. 29, Go Daddy is already feeling its effects. According to web analytics blog, The Domains, in the two days immediately after the Reddit boycott call was posted, customers had already removed some 37,000 domains from Go Daddy, with another 28,000 removed on Christmas Eve.
Another influential customer, Wikipedia co-founder Jimmy Wales also stated that he planned to move all of Wikipedia’s domains off the servers of the under-fire company.
Besides boycotting the company, activists have also taken to "Google bombing" the site. News of such a google bomb, which is essentially an effort to remove a website from the top of Google’s (GOOG) search results, surfaced on Monday on the website, Hacker News. For now though, Go Daddy still ranks as the top search result under the search key words “domain registration.”
Still, with one more day to go before the boycott, it looks like the worst is yet to come for Go Daddy. Anonymous, the decentralized internet community that has been vocal in its opposition to SOPA, tweeted, "@GoDaddy We do not forgive, We do not forget. We are legion. Expect us. #BoycottGoDaddy."

(See also: Entire Internet Rallies Against Online Piracy Bill That Will Pass Anyway & Apple, Microsoft Support That Awful Online Censorship Act)
POSITION:  No positions in stocks mentioned.