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 © 2026 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

Digital Playground Premieres Ricky Greenwood's Feature Comedy 'In The Bag'

Digital Playground has dropped “In The Bag,” a ‘70s-inspired comedy from multi-XMAs winner Ricky Greenwood.

Jasmine Sherni Performs 1st Gangbang for Brazzers

Jasmine Sherni performs her first gangbang in the latest Brazzers release, "Operation Open Wide."

Carmen Valentina Stars in Latest Release From FreeUse

Carmen Valentina stars in the latest POV release from FreeUse.

Phoenix Marie, Cory Chase Star in Latest From MILFY

Phoenix Marie and Cory Chase star with Dan Damage in the latest release from Vixen Media Group studio imprint MILFY.

Paysite Confidential: Inside the Creator Economy's Shift Toward Ownership

For years, the adult industry’s creator economy has been defined by platforms — powerful engines of discovery, monetization and scale that reshaped how performers connect with their audiences.

Senator Urges DOJ to Crack Down on 'Obscenity,' Attacks OnlyFans

U.S. Senator Jim Banks of Indiana this week urged Acting Attorney General Todd Blanche to reestablish the Department of Justice’s defunct Obscenity Prosecution Task Force in a letter that targets OnlyFans while repeatedly conflating “obscenity” with legal adult content.

Reagan Foxx Headlines 'Mom's Little Cuck' From Reality Junkies

2023 XMAs MILF Performer of the Year Reagan Foxx toplines "Mom’s Little Cuck" from Mile High Media studio imprint Reality Junkies.

UN Experts Urge US, Canada to Prosecute Aylo, Others for 'Exploitation'

GENEVA – The United Nations Office of the High Commissioner for Human Rights (OHCHR) has issued a press release in which two U.N. special rapporteurs, cited as experts, accuse Aylo and other companies of complicity in sexual exploitation.

Clémence Audiard on Blending Gonzo With High-Style Eroticism

There's an unmistakable radiance that surrounds Clémence Audiard — a glow born of the power to manifest her own vision. With Clemence Crave, her self-funded and self-directed production house, Audiard has sculpted a universe entirely her own.

Tennessee Governor Signs Bill Requiring Warnings on Adult Stores

Governor Bill Lee on Tuesday signed into law a bill requiring adult stores, theaters and other establishments in Tennessee to post warning signs cautioning patrons that they “may be contributing” to sexual assault and human trafficking.

Show More