“The ultimate regulator is actually Visa. Visa tomorrow could shut down MindGeek,” Pershing Square CEO Bill Ackman says on Visa’s involvement in the child porn lawsuit against the company and MindGeek.
, saying the credit card giant has the power to pressure Pornhub to remove child pornography from its site.Squawk Box
The woman is suing Visa and MindGeek over a sexually explicit video her boyfriend filmed of her when she was 13. U.S. District Judge Cormac Carney in California denied parts of Visa's motion to be dismissed from her claims. Ackman said he has no economic stake in Visa, Mastercard or any payments company. He said he offered to help finance lawsuits philanthropically against Visa.
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