I had promised myself that I was going to stop in and post this week since Ive been MIA from Mikes blog but a lot of things happened.
First off . . .Mike stood me up for a pre holiday dinner in favor of taking Kayden off to shoot. Which if I was spending time with her Id find every excuse in the book to avoid introducing her to new people too.
So I get in to Atlanta and a read a message from processing playboy Ron Cadwell that Master Card has put the skids to merchants sharing data to slamming cross sales on consumers credit cards. I realized that this was probably a 30% or more reduction in revenue from those in this business who have weak pay sites and rely on ripping off the consumer.
So I broke out the eggnog.
If your a reader of Mike’s blog and you dont know why this is a good thing – Im happy to spell it out to you. There are those that have very weak paysites that pay others to “precheck” a cross sale when they sell the consumer a membership. It works when you sign up for a site…Ill use a tame example … say for a sexual enhancement pill.
You as a consumer are lured in for a free trial. As you are entering in your information you find out that while the dick pills are for free this company wants to charge you a modest shipping fee of $4.
Buried in the fine print is the fact that this $4 shipping charge turns into a $30 recurring charge so you can get auto refills each month. And since your dick will be big and hard they have already hidden a couple porn site memberships that will be billed to you in 5 days for a total of $94.
$90 bucks of that is recharged each month on your credit card to make sure your dick stays big and strong and you have a couple of weak sites that are not updated so you can get your jerk on to the same old shit over and over.
This gets more complicated since your new friends at the dick pill factory have shared your data with the weak assed pay site company so they can continue adding additonal charges to your card based on their terms and conditions that you never saw.
These free samples have been costing consumers hundreds of dollars a month for web sites they never visit and if they did…theyd find them not updated.
Click here if you want to learn more and comment on MasterCard cross sales.
Before I had time to celebrate this good news I read on Cnet that the scammers at Adult Friend Finder are spinning an IPO swindle so that stock investors can pay off Penthouse’s sizable debt from its failing magazine and poor decision to buy AFF earlier this year.
Seems that the Mark Bell, Andrew Conru and Lars Mapstead forgot to pay taxes over in Europe and need a little help from stock investors to bail them out. They only need about $450 million to get flush.
I suppose all the karma from of using copyrighted pictures of web personalitities to populate bogus profiles has caught up with them. Im sure the owners of torrent sites that give away stolen videos from the AVN award winning Mike South will miss the AFF ad revenue.
You can read more about the AFF IPO and comment here.
But there was one more gift before Santa took his sled back to the north pole.
The closing of Iporn.
Poor self proclaimed porn lord Francis Koenig lost his major investor at adult vest closing the offices of Iporn and the termination of all employees.
I guess if I invested 2.5 million bucks and all I had to show for it was massive hotel and bar tabs and some POV footage 0f a guy fucking hookers Id close down too.
Porno Dan couldnt even ligitimize this chump.
Better luck next year! Maybe your next investor will give you crisp $1000 bills to pose with at AEE so you can look like a legit porn gangster!
At this rate I cant wait to see what happens New Years Eve!
