Yes, AshleyMadison.com, a website that helps users cheat on their spouse , is doing so well it's looking to launch an IPO. It might be time to just pack up and head to the mountains, because this may be the biggest sign of the Apocalypse yet!
The site’s parent company, which failed with a previous IPO attempt in Canada, said on Wednesday it is looking to raise as much as $200 million to exploit booming demand for its services.
AshleyMadison had sales of $115 million last year, an almost fourfold increase on 2009, Christoph Kraemer, its head of international relations said in an interview. It makes money by charging men for credits, which they then use for introductions to women.
"Is there any kind of degradation we can get into before the four horsemen are galloping down the street?" Pat asked. "Is their founder Lucifer? Satan?"
The site only charges male members to subscribe. Female members can pay $17 to scrub their information from the company database, but otherwise are not charged.
"It's an amazing amount of faith in the internet security," Stu said. "When freaking Target credit card numbers are leaking all the time. Look at the stories you do when we do the LifeLock commercials every day. There's a new leak of data every day from a major company whose entire business is to protect these things. Yet, you'll put your name and information into the Ashley Madison database."
Stu thinks Ashley Madison could raise the funds.
"They probably will raise it. You will have people that won't do it. But most people -- I mean, I bet you if it winds up being successful enough, it will wind up rolling into mutual funds. People will own it without even knowing. And then it will get really fun," he said.
"Good God, we're doomed," Glenn said.