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Ashley Madison CEO Quits

Tyler Durden's picture




 

A few months ago, Ashley Madison was the most anticipated upcoming adultery social network IPO. Then it was hacked, and all 34 million member accounts were exposed (with some amusing results and even more amusing explanations), leading to questions how long can  the company exist in its current iteration, if at all.

Moments ago we got the first answer, when the Daily Beast first reported that Avid Life Media, Noel Biderman, is stepping down.

From the Beast:

Noel Biderman stepped down as chief executive officer of Ashley Madison's parent company on Friday, they mutually announced. "This change is in the best interest of the company.... We are actively adjusting to the attack on our business and members' privacy by criminals," Avid Life Media said in a statement. The hack exposed 34 million accounts and emails from Biderman showing he had extramartial affairs despite the self-proclaimed "King of infidelity" publicly saying he never cheated on his wife.

And just like that Ashley Madison got adultfriendfindered, even before it went public. The biggest losers: the underwriters, who would have collected a few million on what is now a dead and buried $200MM IPO.

 

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Fri, 08/28/2015 - 10:41 | 6481471 SuperVinci
SuperVinci's picture

cya fag

Fri, 08/28/2015 - 10:44 | 6481485 I MISS KUDLOW
I MISS KUDLOW's picture

Where to now Chuckles?

Fri, 08/28/2015 - 10:52 | 6481517 SamAdams
SamAdams's picture

The shyster Biderman flew the coop.  He ought to move to Israel...

Fri, 08/28/2015 - 11:05 | 6481580 gherman
gherman's picture

”Noel Biderman” -- hmm, I tought the Tanakh (Old Testament) is strongly against adultery. Or is it that it doesn't apply to goy cattle?

Fri, 08/28/2015 - 11:07 | 6481588 HonkyShogun
HonkyShogun's picture

Anything done to goyim is fair game, as I understand.

But of course the world hates them for no rational reason.

Fri, 08/28/2015 - 12:56 | 6482126 Manthong
Manthong's picture

I hear the market has a queer pimp/ Internet opportunity in Manhattan opening up (thanks to the Feds) if he is looking for a new gig.

Fri, 08/28/2015 - 13:39 | 6482334 SafelyGraze
SafelyGraze's picture

I did not have "sex" with that woman, ashley madison.

and if I did have "sex" with her, I did not release my essence.

and if I did release my essence, I did not do so inside her.

and if I did release my essence inside her, it was not inside her baby-making apparatus.

and if I did release my essence insider her baby-making apparatus, it was not unprotected.

and if I did release my unprotected essence inside her baby-making apparatus, it was because I was stoned.

but, as everyone knows, and this is something about me that I have said over and over again, I did not inhale.

and so I therefore was not stoned.

I think this will clear things up for the readers of zh.

hugs,
mister rodham 

 

Fri, 08/28/2015 - 20:24 | 6483543 mkhs
mkhs's picture

So your point is a lying Cunton is worth two in the Bushes?  What?

Fri, 08/28/2015 - 11:11 | 6481613 HowdyDoody
HowdyDoody's picture

He has an acceptable get-out clause. He thinks the Ten Commandments are outdated. You know, all that jazz about not murdering people, not stealing, not commiting adultery, not coveting other people's stuff and so on.

Fri, 08/28/2015 - 12:00 | 6481880 Lost My Shorts
Lost My Shorts's picture

Here is the real reason he quit:

https://www.yahoo.com/tech/s/most-hilarious-revelation-ashley-madison-ha...

Gizmodo has taken a look at some of the leaked data about the website and has found that the reality is it’s “like a science fictional future where every woman on Earth is dead, and some Dilbert-like engineer has replaced them with badly-designed robots.”

The site was a complete scam, as well as charging $19 to remove personal data and then not doing it, and not keeping users' personal data secure.

No IPO ever; tar and feathers maybe.

Fri, 08/28/2015 - 12:18 | 6481959 pelican
pelican's picture

Maybe karma is real.

 

I bet this tool voted down critical ITSec tools so he coulld buy another Porsche.

 

Enjoy eating those tires ahole.

Fri, 08/28/2015 - 11:06 | 6481583 HowdyDoody
HowdyDoody's picture

The Self-Chosenites are really impressive.

Fri, 08/28/2015 - 11:22 | 6481681 yrad
yrad's picture

Life is short, start a new IPO.

Fri, 08/28/2015 - 11:18 | 6481661 greyghost
greyghost's picture

another ceo stuffs his bags with cash and is gone. welcome to modern business. steal everything that isn't nailed down and blame it on the worker bees, pensions and soc. sec. and medicare and obama and toss in hispanics just for good measure. anyone see the reports on hillary's speech yesterday? not one shot of the crowd, not even a shot of any other warm body....hell for all i know that speech was filmed in a studio......good grief. meanwhile the bernie plays to packed venues. and then there is the one trick pony.....mr. trump....sizing up which minority group he wants to pick on next. when i was a child...he would be the class bully........

Fri, 08/28/2015 - 11:42 | 6481790 Dolar in a vortex
Dolar in a vortex's picture

He'll be giving up most of his cash. Today we learned that only 1,500 women were actually registered on the site, even though AM said they had 5 million. Tens of thousands (likely millions) of female registrations were traced to computers on site at AM. He may even get some jail time. He gone to Belize.

Fri, 08/28/2015 - 12:37 | 6482039 SuperVinci
SuperVinci's picture

Boy tho, aren't those 1500 the sluttiest of the sluts?

10's of millions of men but only 1500 super whores signed up AND heres the kicker, they didnt pay! Women are (were) free!

Fri, 08/28/2015 - 11:29 | 6481724 ThroxxOfVron
ThroxxOfVron's picture

"Where to now Chuckles? "

 

"The hack exposed 34 million accounts and emails from Biderman showing he had extramartial affairs despite the self-proclaimed "King of infidelity" publicly saying he never cheated on his wife."

 

Divorce court.

Fri, 08/28/2015 - 10:42 | 6481473 Larry Dallas
Larry Dallas's picture

200mm went poof

Fri, 08/28/2015 - 11:22 | 6481687 SilverRhino
SilverRhino's picture

We poofed some folks

Fri, 08/28/2015 - 10:43 | 6481479 buzzsaw99
buzzsaw99's picture

34M actual people? i think not.

Fri, 08/28/2015 - 11:00 | 6481558 NoDebt
NoDebt's picture

Yeah, all horny guys who think they're talking with women.  Fucking sausage-fest.

I guess I shouldn't bitch too much- ZH is a sausage-fest, too.  And I wouldn't want my ZH anonymity broken.  But I'm not coming here to find a date.  There's a diffrerence.

Fri, 08/28/2015 - 11:16 | 6481644 Dr. Engali
Dr. Engali's picture

You're not here looking for a date? Fuck, you mean to tell me I've been wasting my time? Damn it!

Fri, 08/28/2015 - 11:39 | 6481775 Implied Violins
Implied Violins's picture

Wow...now when I see you mention 'sammiches' I will wonder how you mean that...

Fri, 08/28/2015 - 11:47 | 6481812 Dr. Engali
Dr. Engali's picture

Lol.... use your imagination.... or better yet don't. You'll never be able to scrub the images from your mind.

Fri, 08/28/2015 - 12:03 | 6481893 Son of Loki
Son of Loki's picture

Gossip has it that there were only 2 users from SA on their heterosexual site...however, the "Meet the Camel of Your Life" room was packed with SA users.

Fri, 08/28/2015 - 11:25 | 6481696 ThroxxOfVron
ThroxxOfVron's picture

Even though Honnestan refuses to answer my invites, Miffed sometimes seems to be shared account, and MsCreant makes a point of talking about her hubby in every third post; -this place still has better odds than most keyboard commando sites.

I would know.

 

 

 

Market Ticker is the worst dating site evah!


Fri, 08/28/2015 - 12:20 | 6481965 wendigo
wendigo's picture

I really hate that word. Hubby. I've told the wife if she refers to me using it I consider it grounds for divorce. 

Fri, 08/28/2015 - 14:10 | 6482490 swmnguy
swmnguy's picture

"Market Ticker is the worst dating site evah!"

You know, I had never thought about that before.  But you're right.  For some reason, I just can't think sexy thoughts reading Karl Denninger.  It doesn't seem to matter what I'm wearing, eating, drinking; there's just something anti-sexy about the overall scene.

Fri, 08/28/2015 - 20:32 | 6483563 mkhs
mkhs's picture

Go on.  Put on your best negligee and I am sure you will feel sexy.  Karl is thinking about you and wants you.  Not that there is anything wrong with that.

Fri, 08/28/2015 - 10:45 | 6481486 Dr. Engali
Dr. Engali's picture

Me thinks he better go into hiding. When the divorces start happening and people lose their wealth they tend to get a little pissed off and unstable.

Fri, 08/28/2015 - 11:04 | 6481577 Dr. Richard Head
Dr. Richard Head's picture

Tell me about it.  My wife, soon to be ex, cheated on me with the married neighbor across the street three years ago.  I couldn't get over that so I decided I would leave the house and file divorce.  She ended up filing and is asking for me to double her yearly earning with my spousal support and she may actually get it because I make four time more than her.  The system there is FUCKED as well.  She cheated and I could stay and watch the shit continue or I can pay her a king's ransom.  Somebody gonna get hurt and it looks like it will be me. 

Fri, 08/28/2015 - 11:17 | 6481631 Dr. Engali
Dr. Engali's picture

That is just fucked up. Sorry to hear that, I hope things work out for you.

Fri, 08/28/2015 - 11:23 | 6481679 free_lunch
free_lunch's picture

I am very sorry you have to endure this injustice, but she's not the only one to blame..

 http://tinyurl.com/qedn4bm

Fri, 08/28/2015 - 11:35 | 6481762 Dr. Richard Head
Dr. Richard Head's picture

I disagree.  

Fri, 08/28/2015 - 12:09 | 6481927 MANvsMACHINE
MANvsMACHINE's picture

You really need her to remarry asap.

Fri, 08/28/2015 - 12:34 | 6482024 free_lunch
free_lunch's picture

I can relate to that..

On the other hand society (or what's left of it, we used to have values), nowadays has turned it into the new normal. Just look arround..

Just watch the difference between this SHOW and this SHOW  kids were/are exposed to.

From values of honesty, friendship, communnity, responsibillity, hard work and politeness to the exact opposite in 30 years or less.

In the 70's mother Teresa and brilliant scientist who worked on cures for diseases where the hero's.
Today the hero's are perverted naked teenagers who are only famous for making sex-video of themselves.

Once, what you did was more important then what you had.

Sodom and Gomorrah is all arround us. And we will pay for it, sooner or later.

We already are, look at all the (secretly)unhappy people living an empty unfullfilling life, not even realising why they are unhappy. And trying to fill their empty feeling with buying stupid stuff. Consuming has become the new religion. Without ever reaching satisfaction, the commercials do their work.

All the roadrage and other signs of our time are the result of unhappy unfullfilled lives. Happy people do not explode in anger in traffic like a lot of us already do.

People used to be polite and say: "after you". Whoever does that today gets to be made fun at.

Fri, 08/28/2015 - 13:39 | 6482337 Vergeltung
Vergeltung's picture

well said brother.

 

Fri, 08/28/2015 - 20:51 | 6483595 StychoKiller
StychoKiller's picture

Just finished reading an article in Reason Magazine where the bozo from "Sister Wives" is trying to obtain a polygonal (sp?) wedding license for his two wives.  Next up, Beastiality or Pedophilia...

Fri, 08/28/2015 - 11:22 | 6481683 HamRove
HamRove's picture

Fuuuuuuuuuck THAT SHIT!

Fri, 08/28/2015 - 11:22 | 6481684 HamRove
HamRove's picture

Fuuuuuuuuuck THAT SHIT!

*ehem* 

Fri, 08/28/2015 - 11:24 | 6481701 SilverRhino
SilverRhino's picture

Hit men are cheaper than lifetime alimony 

Fri, 08/28/2015 - 11:26 | 6481714 ThroxxOfVron
ThroxxOfVron's picture

"cheated on me with the married neighbor across the street "

 

You could always try suing the married neighbor across the street for damages.

Fri, 08/28/2015 - 11:41 | 6481780 Implied Violins
Implied Violins's picture

Shit, he could probably find him and his Visa account info on the Ashley Madison roster that got leaked...

Fri, 08/28/2015 - 12:09 | 6481930 Son of Loki
Son of Loki's picture

You could try suing but in most states it won't go. However, I read in North Carolina the law called, "criminal conversation" (aka, adultery) is something you can sue for if you can prove your spouse cheated. Places like Texas, NM, Arizonia and other community property states, the husband might as well write a Big Check b/c you will lose ALOT + tons of both your lawyers' fees. I've seen it happen to several people at work. Very sad. Even the dog gets kicked out usually.

Fri, 08/28/2015 - 12:17 | 6481961 squ33zeb1nd
squ33zeb1nd's picture

I need to IPO my www.halfpricehitmen.com site sooner than planned. 20% discount for ZH members.

Fri, 08/28/2015 - 13:32 | 6482297 Save_America1st
Save_America1st's picture

Your server is down.  Musta crashed from all the traffic.  ;-)

Fri, 08/28/2015 - 13:00 | 6482145 FredFlintstone
FredFlintstone's picture

maybe you shouldn't have been such a dickhead :) Sorry about that, you made it too easy. I feel for you.

Fri, 08/28/2015 - 21:21 | 6483626 Seek_Truth
Seek_Truth's picture

"She cheated and I could stay and watch the shit continue or I can pay her a king's ransom. Somebody gonna get hurt and it looks like it will be me. "

When it comes to the law, nothin' is understood.

Fri, 08/28/2015 - 10:47 | 6481499 Okienomics
Okienomics's picture

Couldntahappened to a nicer bunch of folks.  Doogooders I tell ya.

Fri, 08/28/2015 - 10:47 | 6481500 Argenta
Argenta's picture

Lol.  Don't play with fire, and you won't get burned.  Good riddance.

-Argenta

Fri, 08/28/2015 - 10:47 | 6481501 The Carbonator
The Carbonator's picture

What a slime.

 

He destroyed peoples lives.  And don't give me crap about cheaters etc.

 

Marriage is the biggest slave scam.  MGTOWHQ

 

Stay single brothers!

Fri, 08/28/2015 - 11:08 | 6481598 free_lunch
free_lunch's picture
'Stay single brothers!'

Maybe you should read this well written and reveiling article about porn, marriage and their economic impact on our future.

How Porn is Ruining Our Future (economically and otherwise):
http://www.covenanteyes.com/2012/06/26/how-porn-is-ruining-our-future-an...

Fri, 08/28/2015 - 11:30 | 6481733 free_lunch
free_lunch's picture

Thxs for the downvote my friend, are you in the business?

Fri, 08/28/2015 - 11:19 | 6481667 Freddie
Freddie's picture

I think this whole thing was an intel or some sort of op.  The company is being sued for like $5 billion or something in Canada.  Hopefully USA cases will be filed and in all cases - hopefully he is dragged into the suit.

I doubt any E&O or D&O insurance will cover this scum bag to pay his legal fees.

Fri, 08/28/2015 - 11:09 | 6481504 Normalcy Bias
Normalcy Bias's picture

Go on take the money and run

The slimeball exits just before this scam has to close it's doors. This story gets funnier by the day...

Fri, 08/28/2015 - 10:49 | 6481508 stant
stant's picture

Creative destruction . Deliberate kind

Fri, 08/28/2015 - 10:52 | 6481523 Squid Viscous
Squid Viscous's picture

CEO was tribal? Shocking.

Fri, 08/28/2015 - 10:53 | 6481527 Normalcy Bias
Normalcy Bias's picture

Oy Vey, right?

Fri, 08/28/2015 - 10:56 | 6481536 Osmium
Osmium's picture

Can we trademark this?  Kinda like Since Lehman®

Since Ashley Madison®

 

Fri, 08/28/2015 - 10:57 | 6481540 Flounder
Flounder's picture

Is there any correlation to number of fake hookers and dumb asses on AM to the number of fake accounts and dumb asses on FB?

Fri, 08/28/2015 - 20:41 | 6483579 mkhs
mkhs's picture

If you count my dog's account on Facedbook, it is 1 to 1.  don't forget the Asian sauce.

Fri, 08/28/2015 - 10:58 | 6481543 RagnarRedux
RagnarRedux's picture

He did his part with the honey trap, and now his crew has leverage for blackmail and can pass the rest off to his cohort lawyers.$$$$$

Ah nudder holocau$t I tell ya, I vuss gassed 3....no no 6 times.

Fri, 08/28/2015 - 11:07 | 6481592 RealityCheque
RealityCheque's picture

Have a nice day, fuckstick.

Fri, 08/28/2015 - 11:08 | 6481601 orangegeek
orangegeek's picture

sex, shelter and food

 

biderman still has two more chances

Fri, 08/28/2015 - 11:23 | 6481695 Atomizer
Fri, 08/28/2015 - 11:44 | 6481805 williambanzai7
williambanzai7's picture

Whew, that was a close call.

All of us fringe low brows here on Zero Hedge almost got ripped off buying into the Ashley Moron IPO...

Fri, 08/28/2015 - 11:55 | 6481848 Winston Smith 2009
Winston Smith 2009's picture

"A few months ago, Ashley Madison was the most anticipated upcoming adultery social network IPO."

Nope, more like an upcoming IPO for a fraud site. Thus, this is all much ado about nothing when it comes to actual infidelity incidents while being an engine of marriage destruction and generator of children of divorce. I'm sure the "morality" hackers are loving that.:

New analysis shows over 99 percent of the women on Ashley Madison were fake

http://www.extremetech.com/internet/213019-new-analysis-shows-over-99-pe...

...the hackers claimed that 90-95% of the accounts on Ashley Madison were male, with “thousands” of fake female profiles. New research shows this may have been a dramatic underestimation.

Gizmodo’s Analee Lewis combed through the database, looking for tell-tale signs that the 5.5 million female accounts on Ashley Madison were fake. Sure enough, she found some, including IP addresses that showed accounts were created from 127.0.0.1 and thousands of accounts that listed an AshleyMadison.com email address as their primary contact point. These email addresses were even listed in sequential, bot-like fashion — 100@ashleymadison.com, 200@ashleymadison.com, etc.

One critical piece of information captured in the leak was the last date a user had checked their messages. If a user never checked their inbox, the field was completely blank. If they logged in even once, that information was recorded. Ashley Madison also records the last time a user answered messages; this can be handled in a separate field without actually clicking on the inbox, which is why the data logs show different numbers for the women who checked mail versus replying to a message.

In both cases, however, the numbers are staggeringly low.

Fri, 08/28/2015 - 11:56 | 6481861 Jstanley011
Jstanley011's picture

I wouldn't walk across the street to piss on that fucker if he were on fire.

Fri, 08/28/2015 - 12:08 | 6481925 Pumpkin
Pumpkin's picture

How did this ever sound like a good idea any way?  The stupidity of people never ceases to amaze me.

Fri, 08/28/2015 - 20:56 | 6483607 mkhs
mkhs's picture

Is this your first time visiting the planet?

Fri, 08/28/2015 - 12:13 | 6481948 AlfredNeumann
AlfredNeumann's picture

AnotherIKYKE roach bites the dust.

Fri, 08/28/2015 - 12:32 | 6482016 AlfredNeumann
AlfredNeumann's picture

9 out of 10 easy money scams are started by Jews.

Fri, 08/28/2015 - 13:26 | 6482264 iAmerican
iAmerican's picture

Rather, satanic false-Jew Talmud Khazar Zionist scum.

Fri, 08/28/2015 - 12:36 | 6482038 PoasterToaster
PoasterToaster's picture

How can you be CEO of a fucking webpage?  You'd think the first dot com bust would have taught people... but it isn't people that is pumping up all this fake "industry" is it?

Fri, 08/28/2015 - 12:58 | 6482138 FredFlintstone
FredFlintstone's picture

It is like Lee Iacocca resigning for buying a Chrysler K car. A CEO parting ways for having been "caught" using own company's product/services exactly in the manner intended.

Fri, 08/28/2015 - 16:29 | 6483018 Anon41485
Anon41485's picture

I didn't even know this garbage existed, and now it is non-stop in the news. All I can say is the people who used the site are really naive to think that any of their information would be "confidential" in the first place. Second, who the hell would sign up for a site where you have to PAY for someone to "supposedly" delete your information!? People who walked into this trap had it coming. It's just sad that many marriages will now be affected because of one man's greed.

Do NOT follow this link or you will be banned from the site!