Is adult friend finder a scam?
The site has now around two million active members worldwide and has about a million paying members.
Friend Finder combines the fun functionalities of a social networking site and the exciting matchmaking features of a dating site.
The company had also indicated that it lacked existing cash or cash from operations to repay a .5 million debt that was due July 31.
It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.
Much of the company's growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.
As of January 17, 2010, Friend Finder Networks had a negative net worth equal to 8 million, million in cash on hand and 0 million in liabilities.
The breach included account data from Adult Friend Finder (which constituted over 339 million accounts), Cams.com, and Penthouse, including accounts that had supposedly been deleted.
The passwords were either stored as plain text or encrypted using the obsolete and insecure SHA-1 cipher.
On April 8, a man reported to police he had been messaging a girl for several days on and they had exchanged sexually explicit photos, according to police spokeswoman Stephanie Williams.
But if are lucky, you might stumble upon some singles who are looking for their other half.
Since Friend Finder is like a social networking site, it is more open to people of different genders and sexual preferences.
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Majority of the people in Friend Finder are in their mid-30s to early 40s.