FriendFinder Shares Tumble 20%; Stock at $5.75 a Share - GoFuckYourself.com

DVTimes · 05-17-2011, 02:10 PM

BOCA RATON, Fla. ? FriendFinder Networks Inc., which started to trade last week on the Nasdaq, finds its shares slipping to nearly half of its initial price.

At market close on Tuesday, shares were selling at around $5.75 on the Nasdaq, down about 20 percent from Monday?s close price of $7.20.

Shares of the Boca Raton, Fla.-based company began trading at $10 a share on the Nasdaq last Wednesday, with FriendFinder hoping to raise $50 million to repay some of its debt.

The company operates a string of social networking websites, including AdultFriendFinder and Penthouse magazine.

FriendFinder today said it struck a deal with a San Francisco nightclub for a Penthouse Club and that it would launch a new 3D channel in Europe.

http://www.xbiz.com/news/134090

merina0803 · 05-17-2011, 02:17 PM

Big E · 05-17-2011, 04:50 PM

(edit: wrong thread - resposted elsewhere)

ThatOtherGuy - BANNED FOR LIFE · 05-17-2011, 05:01 PM

Why am I not surprised?

marlboroack · 05-17-2011, 05:31 PM

Friendfinder should start investing in military equipment if they hadn't already.

05-17-2011, 02:10 PM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	FriendFinder Shares Tumble 20%; Stock at $5.75 a Share BOCA RATON, Fla. ? FriendFinder Networks Inc., which started to trade last week on the Nasdaq, finds its shares slipping to nearly half of its initial price. At market close on Tuesday, shares were selling at around $5.75 on the Nasdaq, down about 20 percent from Monday?s close price of $7.20. Shares of the Boca Raton, Fla.-based company began trading at $10 a share on the Nasdaq last Wednesday, with FriendFinder hoping to raise $50 million to repay some of its debt. The company operates a string of social networking websites, including AdultFriendFinder and Penthouse magazine. FriendFinder today said it struck a deal with a San Francisco nightclub for a Penthouse Club and that it would launch a new 3D channel in Europe. http://www.xbiz.com/news/134090 __________________ The Affiliate Program

05-17-2011, 04:50 PM	#3
Big E Registered User Industry Role: Join Date: Mar 2002 Location: San Diego, CA Posts: 935	(edit: wrong thread - resposted elsewhere) Last edited by Big E; 05-17-2011 at 04:51 PM..

05-17-2011, 02:17 PM	#2
merina0803 Registered User Industry Role: Join Date: May 2008 Posts: 573

05-17-2011, 05:01 PM	#4
ThatOtherGuy - BANNED FOR LIFE So Fucking Banned Industry Role: Join Date: Apr 2011 Posts: 1,241	Why am I not surprised?

05-17-2011, 05:31 PM	#5
marlboroack So Fucking Banned Industry Role: Join Date: Jul 2010 Location: ☣ Posts: 9,327	Friendfinder should start investing in military equipment if they hadn't already.