xbiz world
xbiz premiere

FriendFinder Shares Off by 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.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Canadian Senator Revives Push for National AV Law

Sen. Julie Miville-Dechêne, whose previous multiple attempts to legislate national age verification requirements all failed, has introduced a new bill that would impose fines of up to $500,000 on adult sites that do not implement age verification for Canadian viewers.

Sarah Arabic, Vicki Chase Topline Dorcel's 'The Next Step'

Sarah Arabic and Vicki Chase star with multi-XMAs winner Seth Gamble in the latest feature from Dorcel, titled “The Next Step.”

FSC Submits Statement to House Committee in Support of FIRM Act and Against Discriminatory Debanking

Free Speech Coalition has announced that it submitted a statement to the House Financial Services Committee in support of the Financial Integrity and Regulation Management (FIRM) Act.The announcement follows:

Plaiir Joins Pineapple Support as Supporter-Level Sponsor

Plaiir has joined the ranks of over 70 adult businesses and organizations committing funds and resources to Pineapple Support.

Sabien DeMonia to Drop 'Sabien Ass Fuck'

Evil Angel has announced “Sabien Ass Fuck,” the first title from director/performer Sabien DeMonia.

Trump Tariffs Remain in Effect Pending Appeal of Trade Court Ruling

The U.S. Court of Appeals for the Federal Circuit on Thursday stayed an injunction by the U.S. Court of International Trade, delaying the trade court’s order blocking the Trump administration’s sweeping tariffs, which have significantly impacted the pleasure industry.

FSC Issues Guidance on Kansas Age Verification Suits

The Free Speech Coalition (FSC) has published an advisory article for adult websites operating in Kansas, following several private lawsuits filed under the state's age verification law.

Bree Mills on Directing 'Escape From Camp Conversion' for Adult Time's Girlcore Banner

Bree Mills was out running one day when the title of her next movie came to her: "Escape From Camp Conversion." The chief creative officer of Adult Time had been thinking about how to combine her love for queer cinema and lesbian pulp fiction with the distinct aesthetic of the 1980s.

Ricky's Room Signs Willow Ryder to 1-Year Deal

Ricky’s Room has signed Willow Ryder to a non-exclusive, multi-scene contract for one year.

Ariel Demure Headlines 'TS Chronicles' From TransSensual

Reigning XMAs Trans Performer of the Year Ariel Demure toplines “TS Chronicles” from Mile High Media studio imprint TransSensual.

Show More