why aff is not going anyware
 

I just read article http://finance.yahoo.com/news/friendfinder-networks-releases-based-social-103000446.html SUNNYVALE, Calif., Sept. 10, 2012 /PRNewswire/ -- FriendFinder Networks Inc. (FFN) today announced that its newest web game, Clans of NeoEarth, is live and available on Facebook in beta version and will officially launch by month's end.ha Clans of NeoEarth is an action-packed combat simulation and city builder game already gaining popularity with gamers having more than 4,000 "likes" and 6,000 active players on its Facebook fan page.ha

few moaths back they bought this http://www.forbes.com/sites/ericsavitz/2011/09/12/friendfinder-networks-buying-deals-site-jigocity/ FriendFinder Networks this morning announced the acquisition of BDM Global Ventures, the parent of JigoCity, a local daily deals site, for 1.6 million in FFN shares and about 6.4 million of FFN warrants with strike prices ranging from $5 to $18 a share. The company said the deal could be worth as much as $65 million; but note that FriendFinder closed Friday at $2.71, which means the stock portion of the deal is worth just $4.3 million, with the resent dependent on the performance of FFN?s stock in the months and years ahead.
Based in Los Angeles, JigoCity has about 150 employees, and operates sites in Australia, Brazil, China, Hong Kong, Singapore and Taiwan. According to FriendFinder, JigoCity had revenue of about $600,000 in July and $1.1 million in August, and now has over 1 million members.



they are not stupid they are diversifying into games and daily deals sites. they will be around for a long time.

What I don't get is how can they possibly be doing so bad at the moment. What do u guys think? Ok, their interest expenses are very high (27% of revenues), but we're talking about a really popular online business. With a more minimalistic management, margins should be high enough to cover them.

60 cents per share...ROFL http://www.google.com/finance?q=ffn

I am pretty sure they lost $15mil on jigocity and sold it back to the previous company for $1

Now at 66Cents a share.

Anywhere but here

Actually, they are incredibly stupid and have proven that they fail at diversification. The acquisition you reference above was a colossal failure for them. Their stock price is plummeting and about to be delisted and they are close to getting to a point where their massive debt will no longer be able to be restructured. I see a point within a year where they'll have to abandon their affiliate program because they simply won't have enough cash on hand to sustain it.

"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."

their newest web game, Clans of NeoEarth, is live and available on Facebook and already has 4,000 likes, i am sure they will be fine.

Its strange how people think that if company is big and popular it can not be unprofitable. :2 cents:

Sure, they are losing money with their core business of dating and cams.... obviously they'll do great at anything they try.

epassporte ?

they owned epassporte?

10,115 likes. It's growing quickly.

0.85$ today... increase of more than 33% in 2 weeks!

dating and cam, theres a lot of competition out there.

they spend a lot of their resources trying things and figuring out what does well, and someone in their basement just takes the idea that cost millions to perfect and runs with it. thats the nature of the business. they've got to invest in whats new as it seems theyre doing

Did you sell them likes or did you stop that service that used to be in your sig?

Shit, the sane version of me has more friends on Facebook. 4,000 likes = nothing.

Yea, I dodged a bullet there.

LoL... no I did not sell them likes :1orglaugh

what ???? :helpme:helpme