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Ezra Shashoua, the company's chief financial officer, blamed the lower revenue on a drop in membership and increased advertising costs for affiliates, according to court documents.
Shashoua also said credit card companies had refused to process transactions for the company's Internet businesses.
Friend Finder was launched in 1996 by Andrew Conru.
After discovering that users had been using the service to seek sexual partners, he launched Adult Friend Finder as a spin-off, followed later by other spin-offs dealing with different regions and niches.
Just like the signs in a parking lot that say they are not responsible for damage to your car. In TEXAS, if you give your keys to a a valet, a parking lot attendant, etc, a relationship called the bailor-bailee relionship is created (I was tought this by a lawyer in college in a business law course). The last girl I met up with actually goes to 'parties' by people on the site (ie not sponsered by AFF). Think a decnt looking woman is going to jump inot bed with you unless you can do something for her?