FriendFinder Networks Almost 50% Off It’s IPO Price In Less Than A Week

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Shares of FriendFinder Network, Inc, fell more than 20% today in trading and continued its slide in after hours trading.

Shares of the company that own Penthouse, AdultFriendFinder.com and FacebookofSex.com closed down another $1.45 or over 20% to close at $5.75 a share.

Shares traded as low as $5.35

The company just went public a week ago on May 11th at $10.

I’m not a huge stock market watcher but I would say its pretty rare for a company to lose almost 50% market value in its first week of trading off the IPO price.

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. BullS says

    They drop because “they” have no value and cannot be eaten by 99% of the world hungry population.

    Commodities that people can use-those tangible stuffs that can feed their hungers are more important than SEX.