The Mystery of the Adult FriendFinder Ferrari, Sort-Of Solved

What does a money-losing porn and social-networking company do with a $95,000 car? Apparently, it tries to give it away as a contest prize. Still unclear: Why Adult FriendFinder bought the Ferrari from its founder.

Here’s The Tech IPO You’ve Been Looking For: A Debt-Ridden Collection of Porn Sites And Social Networks

What kind of tech and media company tries to go public in this economy? A tech and media company with no other options. Meet FriendFinder Networks, which needs to raise a lot of money very quickly.