Pornhub Parent Arraigned For Profiting Off Sex Trafficking, Agrees To Pay $1.84M Fine
Portfolio Pulse from Nabaparna Bhattacharya
Aylo Holdings, the parent company of Pornhub.com, has been arraigned on charges of profiting from sex trafficking proceeds and agreed to pay a $1.84 million fine. The charges stem from Aylo's hosting of videos from GirlsDoPorn, which were allegedly created through sex trafficking. Despite receiving complaints and content removal requests, Aylo continued to profit from the partnership until 2019. The FBI conducted the investigation. In 2020, Visa (V) and Mastercard (MA) severed ties with Pornhub over related accusations.
December 23, 2023 | 8:40 pm
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NEUTRAL IMPACT
Mastercard Incorporated also severed ties with Pornhub in 2020 due to similar accusations, and the current news may not have a significant new impact on the stock.
Mastercard's disassociation from Pornhub in 2020 suggests that the current legal developments with Aylo Holdings are unlikely to have a substantial new effect on Mastercard's stock price, as the market has likely already accounted for the severed relationship.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
Visa Inc. previously cut ties with Pornhub in 2020 over accusations of hosting illegal content, which may have already been factored into the stock price.
Since Visa severed ties with Pornhub in 2020, the current arraignment of Aylo Holdings and the fine may not have a significant new impact on Visa's stock price. The market has likely already adjusted for any potential risks associated with the previous relationship.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30