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Shashoua also said credit card companies had refused to process transactions for the company's Internet businesses.

Friend Finder Networks (formerly Various, Inc.) is an American internet company founded in 1996 by Andrew Conru.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.The contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.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.

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  1. We Chat launched “We Chat Moments advertising”, giving any brand access to targeted audiences according to location, interest, age, gender, device and phone network in Beijing, Shanghai, and 35 first and second tier Chinese cites.