It offers the cheapest service in the market of hosting. It can get you started with little money. I recommend their services to small companies and Entrepreneurs. It is the preferred choice for countries with no dollar currency (which is my personal case in Venezuela).
If you are the kind of person to find it a bit hard to get your hands in a few dollars, then GoDaddy can definitely help you out. Its marketing campaigns offer enough coupons to get your first domain for free + the cheapest hosting for a whole year. The cheapest sale I have personally got is 12, 18$ one year hosting with control panel + a free .com domain. I use the backups panel, Linux, Control Panel, and CentOS. It has increased our revenue.
1) Value - amazing. As everyone probably knows already, GoDaddy is the cheapest for everything most of the time. I signed up my Economy web hosting through an affiliate link and it only cost me $1/mo. For the first year! You will not find anything for this price for the features.
2) Uptime - 99.9%, which is today's industry standard. I've heard some bad things about GoDaddy's uptime when I was researching and before I signed up. But from my own personal experience, I have not had any downtimes at all. None (I use Pingdom to track my site's uptime). Downtime differs from server to server. But I’ve not experienced any downtime. Maybe I'm just lucky.
3) Features - eh… GoDaddy uses "Cpanel" - in other words, their own customized version of Cpanel. If this is your first time signing up for hosting, I do not think you'll care since you will get used to it pretty quickly. I did try the standard Cpanel but I find that I actually liked GoDaddy's version much better. It looks much organized to me and easier to find things.
4) Support - this is the one thing that GoDaddy sucks at. They representatives do not seem to know much about web hosting. As a newbie, I learned most, if not all, about hosting, WP, SQL databases, etc. From Google or YouTube.