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FriendFinder Stock Down in Value 94%

from www.palmbeachpost.com – In a tough year for local stocks, shares in most of the publicly traded companies based in Palm Beach County and the Treasure Coast lost value during 2011.

The biggest loser was FriendFinder Networks (Nasdaq: FFN), the Boca Raton-based publisher of Penthouse magazines and websites such as AdultFriendFinder.com. Its shares plummeted 94 percent from the company’s initial public offering in May through Dec. 23.

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