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Friend Finder Network (fka FFNTQ)

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FriendFinder Networks Inc. is a leading Internet-based social networking and technology company operating several of the most heavily-trafficked websites in the world. We provide our customers with a wide variety of online products and services, appealing to members of diverse cultures and interest groups, so they can interact with each other and enjoy our content. Our sites' services include social networking, online personals, live and recorded video, online chat rooms, instant messaging, photo and video sharing, blogs, message boards, email and premium content websites. FriendFinder Networks also produces and distributes original pictorial and video content, licenses the globally recognized Penthouse brand to a variety of consumer product companies and entertainment venues, and publishes branded men's lifestyle magazines.

Our websites include some of the most heavily-trafficked in the world. We offer social networking

and online personals services, live video and premium content websites. Our sites feature live

video chat, recorded video, online chat rooms, instant messaging, photo and video sharing,

blogs, message boards, news, stories, articles and free e-mail. Since 1996, 484 million users in

over 200 countries have registered on our websites.

iPod Touch Friend Finder App

FriendFinder Networks' entertainment division includes the globally recognized  

Penthouse brand.  Penthouse publishes numerous branded men's lifestyle magazines

and books, produces and distributes original pictorial and video content, and licenses the

widely recognized Penthouse name to a variety of consumer product companies and

entertainment venues.

Penthouse parent FriendFinder 'still interested' in buying Playboy

Last we'd heard, Playboy founder Hugh Hefner greeted the overtures of rival nudie mag Penthouse with the news that he wasn't about to sell his stock in the company "to Penthouse or anybody else." But Marc Bell, the CEO of Penthouse's corporate parent, FriendFinder Networks, doesn't seem to want to take no for an answer.

"We are still obviously very interested in acquiring Playboy, plus a few other assets to go with it," Bell told Fox Business Network's Liz Claman on Monday.

Bell said FriendFinder, which operates 30,000 social networking websites -- including several of the NSFW variety -- had recently raised $551 million and "rejiggered its balance sheet." He stopped short of saying whether the company would raise its previous $210 million bid for Playboy Enterprises, which Hefner made an offer to take private over the summer, but he wasn't shy about suggesting why FriendFinder and Playboy, which is bleeding millions, could be a good match.

"We have 124 million people coming to our websites every month," he said. "Imagine what we can do with the power of our brands, our business today, applied to any business we acquire."

Facebook IPO: A Valuation Comparison To Other Social Media Stocks

Reports are that Facebook is preparing to file its S-1 with the SEC as early as this coming Wednesday, setting the stage for what would be one of the biggest IPOs. The company is estimated to raise as much as $10 billion, which would value the social networking giant at somewhere between $75 billion and $100 billion. Facebook is undoubtedly the social networking leader, and possibly one of the top three to five leading internet companies of our time.

Needless to say, the retail investor will be bombarded with information on how significant the company is in terms of how people do and will communicate, connect, and consume information using Facebook, and perhaps some will even make comparisons to Google Inc.'s (GOOG) meteoric six-fold rise since its IPO just over seven years ago in making their case for Facebook.

While Facebook's dominance of the social media category, indeed the sheer impossibility to even build an effective competition in the years ahead given that it has already captured 800 million subscribers, infusing Facebook into their lives with ever more innovative features, cannot be argued against, we believe the proper question isn't how dominant and successful Facebook is. Instead, the proper question, since we already know what we stated above as almost self-evident, especially smart (institutional) money that already has significant stakes in it, is will the IPO valuation leave any value to be captured by the retail investor?

This is especially an important question given how poorly most social media IPOs have fared recently. Some examples:

  • Social games developer Zynga Inc. (ZNGA) shares are just now creeping above their IPO price after spending the last six weeks below it;
  • Renren Inc. (RENN), often touted as the Facebook of China, trades at prices over 60% below its IPO last April;
  • Online streaming music provider Pandora Music Inc. (P) also trades well below the IPO price of $16;
  • Groupon Inc. (GRPN), a provider of discount deals from local retailers, is just now trading above its IPO price of $20, but still well below levels of $25-$30 that most retail investors bought in the opening days;
  • Online professional social networking platform operator LinkedIn Corp. (LNKD) trades well above the IPO price of $45, but still well below the $80-120 levels at which most retail investors bought in the opening days;
  • Social networking and gaming platform operator for the Latino community, Quepasa Corp. (QPSA), is also trading near its lows; and
  • Friendfinder Networks (FFN), a provider of online personals services, is also trading near its lows, at below $1, and well below the $10 IPO price from just last May.

We tried to answer at least part of that question by comparing the proposed valuation of Facebook to its peers in the online social networking space, by comparing them on valuation variables such as price-to-sales ratio and price-over-adjusted EBITDA ratio. Besides the new social networking pure plays, we have also compared them to more established players such as Google Inc. that is a social media player via its YouTube and Google+ offerings; and Sina Corp. (SINA), a Chinese internet portal offering that is also a destination for the global Chinese communities. The following table gives an overview of that analysis:


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#511   May 2011 Friend Finder Network IPO @ $10 vector_six 12/27/13 01:08:08 PM
#510   FFNTQ: BK PLAN effective. All shares cancelled. Renee 12/20/13 05:33:59 PM
#509   Yup, I saw that. So much for this play... PinkBu 12/17/13 04:29:48 PM
#508   Game over for common shareholders ChuckD-MSB 12/17/13 04:12:50 PM
#507   Thanks! PinkBu 12/15/13 11:42:23 AM
#506   I tried to sign up for the free ChuckD-MSB 12/14/13 10:50:52 AM
#505   Chuck, do you have access to the whole PinkBu 12/13/13 05:03:26 PM
#504 ChuckD-MSB 12/12/13 09:32:31 PM
#503   Some subtle action here PAC 11/18/13 11:02:21 AM
#502   still got eyes on FFNTQ for bounce play PAC 09/27/13 02:52:39 PM
#501   If you remember general growth properties had been qstock 09/25/13 02:13:24 AM
#500 make it happen 09/21/13 02:20:20 PM
#499   THERE SHE GOES PAC 09/20/13 09:56:05 AM
#498   like clockwork PeanutButterJellyTime 09/20/13 09:53:37 AM
#497   This sh*t really just more than urban legend hebercreeper 09/20/13 12:29:25 AM
#495   pos but Q's r running so on watch mwokillezeboi 09/19/13 04:58:57 PM
#494   Inching... PAC 09/19/13 03:09:06 PM
#493   Saw it going crazy in my scanner and ClearlyStocks 09/19/13 02:35:32 PM
#492   Always good to get in at the beginning retireat40 09/19/13 02:34:27 PM
#491   Lost a small amount but made 400% on ClearlyStocks 09/19/13 02:29:53 PM
#490   How are those .08's looking? retireat40 09/19/13 02:17:29 PM
#489   Just waiting for the bounce PAC 09/18/13 07:09:06 PM
#487   Agreed. However one should be aware of the Liam_S 09/18/13 02:53:07 PM
#486   In such cases there is usually several so pberger 09/18/13 02:30:22 PM
#485   Dude, no use pumping. Company already said current Liam_S 09/18/13 02:06:23 PM
#484   Has anyone crunched some of the numbers behind make it happen 09/18/13 10:54:38 AM
#483   FFNTQ available now over Thinkorswim :) pberger 09/18/13 08:40:54 AM
#482   I don't have the new symbol FFNTQ available pberger 09/18/13 08:02:24 AM
#481   Should get interesting here, looking to add a DeadCellShadix 09/18/13 06:10:38 AM
#480   Now they are. I love Q stocks. Balltilian 09/17/13 06:02:41 PM
#479   FFNT changed to FFNTQ: Bankruptcy: Renee 09/17/13 05:15:52 PM
#478   Easy double from here, I loaded a ton, thanks! pberger 09/17/13 04:00:38 PM
#477   Nomnimnomnom:-D UpTickMeASAP 09/17/13 03:55:39 PM
#476   90% chance! but in Ch11 all is possible! knulp 09/17/13 03:51:12 PM
#475   Over 400,000 buys in past 5min ClearlyStocks 09/17/13 03:50:43 PM
#474   Does anyone else see what I see on ClearlyStocks 09/17/13 03:47:12 PM
#473   lol knulp--commons are WORTHLESS power_forward 09/17/13 03:46:38 PM
#472   The Company's current common stock will be extinguished mkinhaw 09/17/13 03:15:57 PM
#471   The Transaction Support Agreement contemplates that the Plan ClearlyStocks 09/17/13 02:41:29 PM
#470   18 9/17/2013 Receipt of filing fee for Voluntary MONEYMADE 09/17/13 02:24:53 PM
#469   .06 slap! ClearlyStocks 09/17/13 02:24:34 PM
#468   OUCH! thanks MONEYMADE 09/17/13 02:21:55 PM
#467   Wam342000 09/17/13 01:40:36 PM
#466   be cool to see 7,777,777 in volume [SMART MONEY] 09/17/13 01:32:19 PM
#465   Yeah, there are a whole bunch of papers bikerider99 09/17/13 01:23:31 PM
#464   MC less than 2mln$!!! knulp 09/17/13 01:12:46 PM
#463   .059 next! ClearlyStocks 09/17/13 12:57:19 PM
#462   Whales are buying .058 ClearlyStocks 09/17/13 12:55:01 PM
#461   Weeee .057 big buys ClearlyStocks 09/17/13 12:54:08 PM
#460   .055 slappage. Thank you ClearlyStocks 09/17/13 12:52:42 PM