Is adult friend finder fake
“Friend Finder is a good company with bad debt,” Brooks said.
“At some stage, patience will run out, and the lenders will have to take that company over and run it themselves. I’d love to see him back at the helm,” Brooks said.
Much of the company's growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.
As of January 17, 2010, Friend Finder Networks had a negative net worth equal to 8 million, million in cash on hand and 0 million in liabilities.
They can also communicate via IM and chat rooms, and watch live member webcams.Ezra Shashoua, the company's chief financial officer, blamed the lower revenue on a drop in membership and increased advertising costs for affiliates, according to court documents.Shashoua also said credit card companies had refused to process transactions for the company's Internet businesses.Friend Finder Networks (formerly Various, Inc.) is an American internet company founded in 1996 by Andrew Conru.Its corporate headquarters are located in Boca Raton, Florida, with additional offices in California, New York, and Taiwan.The files contain hundreds of thousands of email addresses purportedly of Adult Friend Finders users.Some of the Excel files also contained detailed information about members, including their age, sex, state, zip code, username and IP address.The company had also indicated that it lacked existing cash or cash from operations to repay a .5 million debt that was due July 31.It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.Our secure data center is strategically located in Santa Clara, California, in the heart of Silicon Valley.Most mainstream Internet services generally get 75 or above; Apple scores 100%.