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16-Feb-2020 03:10

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.

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.

On November 13, 2016, it was reported that a database of over 412 million accounts, including usernames, e-mails, and passwords, had been breached and leaked from several Friend Finder Networks websites.

The breach included account data from Adult Friend Finder (which constituted over 339 million accounts), Cams.com, and Penthouse, including accounts that had supposedly been deleted.

Friend Finders Network did disclose to that it had been aware of vulnerabilities and had taken steps to correct it.

Reached by phone, a company representative noted that they could not disclose information about the breach, but that they would be in touch. Most members aim at remaining anonymous due to the private nature of the information shared; however, for many this anonymity has been lost following the breach.Email addresses and in some cases usernames, gender, birth date, state of residence, postal code, language preference, other personal details and IP addresses were leaked and quickly posted on the Dark Web.Friend Finder was launched in 1996 by Andrew Conru.



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Nov 13, 2016. Adult dating service company Friend Finder Network has reportedly been hacked, with over 412 million accounts, email addresses, and.… continue reading »


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