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The Visa, Pornhub, Bill Ackman Story 8/1/22

The Visa, Pornhub, Bill Ackman Story 8/1/22

FromSquawk Pod


The Visa, Pornhub, Bill Ackman Story 8/1/22

FromSquawk Pod

ratings:
Length:
34 minutes
Released:
Aug 1, 2022
Format:
Podcast episode

Description

A district judge has denied Visa’s motion to be removed from a lawsuit against MindGeek, Pornhub’s owner. The judge upheld the legitimacy of the plaintiff’s allegation that Visa “knowingly” provided the tool for the site to monetize child pornography. Micheal Bowe, the lead attorney for the plaintiff, discusses suit against MindGeek, the fallout for Visa, and the precedent this case could set for all credit card companies. The Ford Foundation is marking five years since investing $1 billion from its endowment into significant social issues. President of the foundation Darren Walker discusses the ESG thesis and shares an update on the fund’s return rate: 28% to date. Plus a lucky Illinoisan is now a billion dollars richer after winning the third largest Mega Millions jackpot in U.S. history. In this episode:Darren Walker, @darrenwalkerJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @AndrewrsorkinKatie Kramer, @Kramer_Katie
Released:
Aug 1, 2022
Format:
Podcast episode

Titles in the series (100)

Squawk Pod is a daily, guided curation of the top moments and takeaways from CNBC’s flagship morning show, “Squawk Box”, anchored by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Each day, the podcast includes news making interviews, perspective and analysis from iconic guest hosts, and slices of debate and discussion—from the heated to the hilarious— all wrapped with exclusive context and color from Senior Producer Katie Kramer.