Bill Ackman texted Visa's CEO to cut off Pornhub's payment processing
Shaan Puri · The Dark Story Behind Pornhub’s $1.5B Business Empire · Feb 7, 2024 · at 18:56
Shaan Puri recounts how activist hedge fund manager Bill Ackman campaigned against Pornhub by targeting its credit card payment rails.
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“And so what Bill Ackman does is he goes and he immediately texts the CEO of Visa, and he sends him the article. He's like, your company is enabling this. These guys are making money off of this. You better do something about this. And the CEO of Visa is like, dude, I don't want any trouble from Bill Ackman. Agrees that it's the wrong, you know, it's wrong. It's not a huge portion of Visa's revenue. And he texts him back, I'm on it. Like within five minutes, I'm on it. One day later, Visa cuts off Pornhub. So does MasterCard.”
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