QUOTE AND NEWS
DailyFinance  Dec 11  Comment 
SAN MATEO, CA -- (Marketwired) -- 12/11/13 -- Freedom Financial Network, LLC (FFN) announced that it has received a capital commitment of $125 million from private investment firm Vulcan Capital. FFN will use this capital to grow its lending...
Wall Street Journal  Sep 17  Comment 
Penthouse magazine publisher FriendFinder Networks filed for Chapter 11 bankruptcy protection to restructure its debt.
The Straits Times  Sep 16  Comment 
September 17, 2013 3:51 PM NEW YORK (REUTERS) - FriendFinder Networks, which publishes the adult magazine Penthouse, filed for Chapter 11 bankruptcy on Tuesday, a court filing showed.     
StreetInsider.com  May 15  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/FriendFinder+Networks+Inc+%28FFN%29+Narrows+Q1+Loss/8343581.html for the full story.
Benzinga  May 14  Comment 
ProShares UltraPro Short QQQ (NASDAQ: SQQQ) shares lost 1.91% to create a new 52-week low of $26.70. ProShares UltraPro's shares entered the oversold territory on Friday, with shares being sold at $27.34. Merus Labs International Inc (NASDAQ:...
Benzinga  May 13  Comment 
SI Financial Group Inc. (NASDAQ: SIFI) shares lost 0.79% to create a new 52-week low of $10.72. SI Financial Group has a trailing twelve month loss margin of 1.97%. GenVec, Inc. (NASDAQ: GNVC) shares fell 29.40% to touch a new 52-week low of...
StreetInsider.com  Apr 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/FriendFinder+Networks+Inc+%28FFN%29+Reports+Q4+Loss+of+30c/8222569.html for the full story.
StreetInsider.com  Nov 14  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/FriendFinder+Networks+Inc+%28FFN%29+Misses+Q3+EPS+by+59c/7878835.html for the full story.




 
TOP CONTRIBUTORS


FriendFinder Networks (NASDAQ:FFN) is an online media company that operates several social networking and entertainment websites around the world. These specialized sites look to appeal to groups who have specific interests in networking and social media. The company focuses on building sites that either allow individuals to enter an online social network or create live interactive videos. The interactive videos allow models to interact with users through video and instant messaging. FriendFinder makes money through online subscriptions and paid usage for certain services.[1]

While many social networks and videos sites have attempted to remain unspecialized in order to allow all members to join, FriendFinder has not. FriendFinder focuses on finding specific niches of internet users who all have a common interest or desire. By creating a different website specifically for each of these groups, FriendFinder hopes to better serve their needs. This is in contrast to networks which operate single, large platforms that do not focus on any specific group.[2]

The company's initial public offering of stock on the NASDAQ occurred on May 10, 2011. The company offered 5M shares each for $10. This was at the low end of the $10 - $12 initial price range. The company had originally planned to sell 20M shares in February of 2010.[3] However, the company decided to delay its IPO. This offering raised a total of $50M. The lead managers of the IPO were Bank of America (BAC) and Citigroup (C).[4]

For the full year 2010, FriendFinder reported a total revenue of $346M and a net loss of $43M. While this was a 5% increase in total revenues from 2009, the net loss also increased by 2%[5]

References

  1. FFN S-1/A 2011 PROSPECTUS SUMMARY "Overview" pg 1-2
  2. FFN S-1/A 2011 PROSPECTUS SUMMARY "Our Strategy" pg 4-5
  3. FriendFinder Networks S-1/A
  4. Renaissance Capital - IPO Home "Jiayuan.com prices IPO at $11, the midpoint of the range" 11 May 2011
  5. FFN S-1/A 2011 PROSPECTUS SUMMARY "Summary Consolidated Financial Information and Other Financial Data" pg 7
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