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Old 07-01-2022, 12:02 PM  
AmeliaG
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Join Date: Jan 2003
Location: Los Angeles
Posts: 10,598
Quote:
Originally Posted by fastball View Post
You do know it was the Krystoff article that brought PH to their knees, right? Nothing to do with bloat apart from the fact they are bleeding debt. One guy, Bill Ackman read the NYT article, was totally offended by PH's "business model", called up his pal Ajay Banger who is the CEO of Mastercard and a week later BOOM!
So what do you think their chances are of renegotiating CC billing? They pissed off some serious financial people. And they are not big enough financially to make a ripple in the credit card business. Netflix makes more money in a week than PornHub does in a year.

You should be thinking what is best for this business and that could be the end of PH. But we are a very vulnerable business. We can be stopped overnight if we piss off M/C and Visa. So we probably shouldn't and we should probably make sure we follow their rules.

Wait, the head of a credit card company is named Ajay Banger?
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