The return of famed adulterers Eliot Spitzer and Anthony Weiner to the political scene could mean big things for the infidelity business, the CEO of Ashley Madison, a dating website for married people, said Monday.
In an interview with Pimm Fox on Bloomberg Television's "Taking Stock," Noel Biderman and his wife, Amanda Biderman, discussed the controversial business model behind their website designed for married people seeking an affair. Biderman said that although infidelity is now a largely taboo topic, he sees evidence that the "tide is starting to turn" -- which could make way for Ashley Madison to become a publicly traded company.
As "the Spitzers and the Weiners of the world come back onto the stage," Biderman said, maybe investors from Wall Street and Canada's Bay Street will "look at this business as something they will want to fund."
In May, Anthony Weiner began his campaign for New York mayor. The former New York congressman resigned in 2011 after posting an obscene photo of himself on Twitter. Earlier this week, The New York Times reported that former New York Gov. Eliot Spitzer plans to run for the New York City comptroller's office. Spitzer resigned in 2008 after he was implicated in a prostitution scandal.
Noel Biderman told Bloomberg that friends and family initially funded his dating website, and he was able to return an initial investment of $1 million in six months. Ashley Madison reported $90 million in revenue in 2012, and it is the third-largest paid dating website in the world, Biderman said, with members in 26 countries.