Visa Inc. purchases financial technology firm Plaid for US$5.3 billion, after it and Mastercard each invested US$250 million into the company last year.
Mastercard and Visa cut financial ties with Pornhub following an investigation by "The New York Times" into child sexual abuse content and rape pornography on the website. Pornhub says that the moves are "exceptionally disappointing" as well as crushing news for the "hundreds of thousands of models who rely on our platform for their livelihoods".
Tesla, Inc. reports a stock market capitalization of US$88 billion in response to strong performances in the third- and fourth-quarter, surpassing General Motors and Ford Motor Company to become the most valuable automobile company in North America.
The United States District Court for the Central District of California rejects a US$190 million defamation suit against entrepreneur Elon Musk by Tham Luang cave rescuer Vernon Unsworth. The lawsuit, considered to be the first major suit by a private individual over comments made on Twitter, was filed over Musk's insulting Tweets after Unsworth criticized his role in the rescue.
U.S. President Donald Trump authorizes the doubling of Section 232 tariffs on imports of aluminium and steel from Turkey, to 20% and 50% respectively. The Turkish lira further falls to a new record low against the U.S. dollar and Turkish stocks tumble.
Visa card payments are disrupted throughout Europe due to a network failure. The disruption results in large queues at supermarkets and petrol stations. Mastercard and American Express say they were not affected.
Credit card companies such as Visa and MasterCard that prevented card-holders from donating money to the whistleblower website WikiLeaks could have their operating licenses taken away in Iceland. A parliament investigation is ongoing.
Newly released cables reveal America lobbied Russia in an attempt to ensure Visa and MasterCard were not "adversely affected" by new legislation earlier this year. Both companies recently suspended all payments to the WikiLeaks website, reportedly after coming under intense pressure from the U.S. government.
Visa and MasterCard agreed to settle an antitrust lawsuit brought by the U.S. Department of Justice and the attorneys-general of seven states. They agreed to allow their participating merchants to steer customers toward lower-cost options. American Express will fight rather than agree to the terms, it said.