Quote:
Originally posted by Backov
Ya know, I read this and I'm not sure I agree.
Isn't Visa a publically traded company?
If I was a shareholder in a publically traded company that decided to lose 2% of its revenue (Using your numbers, that's $40,000,000,000 (40 BILLION!)) for no apparent reason other than "we don't want to process for them" - I'd say that's ONE HELL of a shareholder suit. I don't think they could do it.
Cheers,
Backov
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Don't forget...a good portion of North America - including shareholders - are very active members of the religious right...for a company like VISA to pull out of this business,,,I think there would just as many shareholders applauding the move away from adult sites.
Plus, (read my post above) all indications are that this is a US merchant banking issue, and will not effect companies that choose to deal with Globill or other alternative processors.