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FriendFinder Network, Owner of AdultFriendFinder, Cams.com and many more website bankrupt!

Discussion in 'BlackHat Lounge' started by NX_NULL, Sep 17, 2013.

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  1. NX_NULL

    NX_NULL Regular Member Premium Member

    Dec 31, 2008
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    [B]Important Letter from FFN[/B]
    Dear Valued Affiliate,
    I'm writing to share news about our efforts to make FriendFinder Networks an even better partner. 
    After months of careful planning, the Company on September 17, 2013 announced a plan to restructure our long-term debt. 
    As you may know, when the founders of the company sold it in 2007, a substantial amount of sale was in the form of debt. 
    The noteholders of this debt includes both the founders and others.
    If confirmed, the plan, which has the support of an overwhelming majority of the noteholders, 
    will cut the overall amount of debt in more than half and return the majority of the company to the original founders. By reducing the debt, 
    the company will have more resources to improve the websites and mobile services - and make you more money for your traffic.
    Once we determined that a debt restructuring was the right course to take, we then had to figure out the best way to implement it. 
    After a careful analysis, we determined that the most efficient and cost-effective way to do so is by using the provisions of Chapter 11 of the U.S. Bankruptcy Code. 
    So, earlier today the Company filed voluntary Chapter 11 petitions.
    Please realize that we are simply using the courts to help with the debt restructuring process. 
    The company is still profitable just not enough to support the original level of debt.
    Here's what really matters: There will be no changes to the affiliate program and your affiliate checks have the highest priority. 
    In short, you should see no change in the way we work together. The websites and mobile services will continue unaffected. 
    In fact, new features and services will continue to be rolled out as before.
    Please let your current affiliate manager know if you have any questions.
  2. DarkPixel

    DarkPixel Jr. VIP Jr. VIP

    Oct 4, 2011
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    We'll see how that affects the affiliates. Hopefully they won't stop paying affiliates like they say they won't.
  3. brainpower

    brainpower Junior Member

    Mar 23, 2009
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    be very careful here.
    This tends to lead to a higher percentage of shaving and 'chargebacks'.
    I would start split testing your traffic with other programs.
  4. SH-M

    SH-M Jr. VIP Jr. VIP

    Sep 13, 2013
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    Hmm... not a good sign indeed !
  5. bmi9000

    bmi9000 Newbie

    Sep 18, 2013
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    They say that they still pay out commissions. I would be sceptical about this though.
    I already changed my traffic to another offer. Erovie, you guys know it?
    update: Seems I'm not allowed to post links since I'm new here. Guess I should have read the rules more closely. Anyway, you can google it, if you want.
  6. SocialMediaManager

    SocialMediaManager Elite Member

    Sep 20, 2012
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    Internet Marketing , Climbing
    FF is not Going down and i disagree that current events will result in more shavings and chargebacks
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