Facts speak for themselves. Companies can say and spin it any way that will make a buck. Press releases were issued with staunch statements to the public to gain the trust and attain pristine Brands. The public, at large, has little time to sift through these statements. They believe what's fed in snippets based on so-called authoritative sources. Enter the PR marketing machine.
In May of 2000, both Ziff-Davis* and Geek.com* reported by American Express (Ticker: AXP) PR spokesperson, Joanne Fisher, that adult web purchases could not be made on their card products. "There was an unacceptably high level of customer disputes. We worked with the industry, but the challenges remained, and we just decided it was no longer profitable or practical to work with this industry."
In April of 2007, The New York Times* did an expose on Peter Acworth, owner of Kink.com, again weaving the tale that American Express had a staunch anti-pornography policy. This former Jesuit priest, turned bondage webmaster, had a large subscriber base at $30 a pop & crack of the whip ... I mean, month.
The adult industry is incredibly profitable. It obviously generates such an incredible amount of revenue, that AmEx will issue their elite Black Card or Centurion card to porn site operators*.
In Toronto during July of 2008*, American Express major investor Warren Buffett is quoted `Or you can sell it to some porn shop operator, and he'll take the painting and he'll make the boobs a little bigger and he'll stick it up in the window, and some other guy will come along in a raincoat, and he'll buy it.' Methinks Buffett understands porn sells.
There has been a decade-and-a-half behavioral analysis of website traffic via a honeypot website, a domain poised as an adult website. The traffic study simply revealed corporate workers were surfing for BDSM and foot fetishes. Most of these corporations were contacted and questioned why the site was made available and not blocked. Only a single .edu responded directly and took appropriate action.
Every Internet-connected country had traffic to the site.
There was not a single penny, pound, euro or otherwise transacted. It was merely optimized and built to have the appearance of a porn site with fetish language understood in virtually every language. These terms were strategically placed and altered over the course of time to maintain top rankings. As a result, the site ranked consistently across multiple engines rendering first page results with zero advertising expense.
So why lie about it? What individual is going to phone or e-mail a customer representative to dispute charges about a call girl, an escort, a video or a night out on the town with a transgendered person and risk being labeled as a deviant or get caught? Very few.
People want their porn* and they want to use their American Express or other credit card to do so. What's your opinion?
Tags: porn, business, american express, wall street, bailout, legal, pornography, call girls, hookers, BDSM, fetish, economy, kenneth chenault, aig, marketing, public relations, tarp, talf, credit-crisis, warren-buffett, american-express, credit-score, credit-
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