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Originally Posted by stocktrader23
First of all, their listing on the NASDAQ has fuck all to do with how big they are or how much revenue they generate.
Second, Hustler and Playboy are both fucked financially. Not good examples of "going mainstream and succeeding".
Edit: spot on you old codger.
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Sometimes you're very funny. Very funny.
Quote:
Originally Posted by stocktrader23
They paid for ads with every shady company in existence right in front of everyones face. Lars pumped up that shit so hardcore on GFY it was like watching a magic show. Perfect summarization of this industry.
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And loads of people praised them.
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Originally Posted by Jesus H Christ
Of course it is. FFN is also facing, not one, not two, but three Class Action lawsuits. What gets me, some people in this forum think they are players in this biz when they knew FFN was all smoke and mirrors with their fake profiles etc. Almost like inside trading information and how could they NOT hedge against the stock? It's like free money.
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The class actions might be a warning to many. Once this one goes through and the lawyers win. Then the next fake dating site is put in the cross hairs. These companies are sitting ducks. Get a couple of dozen of pissed off members, fake profiles, fake emails, fake geo targeting screen grabs. Play the victim up as a trusting single person who thought it was all genuine. Then goes for damages. Both financial and emotional damages here to be counted.
Maybe Wall Street was wise to more than ST thinks.