Quote:
Originally Posted by lazycash
They're trying to cut expenses anyway possible, that's why they just axed a huge portion of their white labels that weren't generating much income. This was a brilliant move:
"One of Bell?s failed ventures was a transaction in
September 2011 to buy an international daily-deals business
called JigoCity. FriendFinder lost about $11.5 million on
JigoCity this year, then sold the firm back to its previous
owner for $1 on August 1, according to the Aug. 14 regulatory
filing."
|
Damn that sucks monkey balls to see 11.5M burn. With their traffic they could do some magic if they would be open for innovation but they are only leaning back to what once made them big. Biggest mistake ever imho