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Texas woman awarded $1.2 billion in revenge porn case

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A Texas jury has delivered a groundbreaking verdict in favor of a woman, awarding her an unprecedented $1.2 billion in a revenge porn case.

Identified only as DL in court documents, the woman filed a harassment lawsuit against her former boyfriend in 2022. She alleged that he engaged in revenge porn, sharing intimate photos of her online as a means of public humiliation following their breakup.

The legal victory is being hailed as a significant triumph for victims of “image-based sexual abuse,” according to attorneys involved in the case. Lead trial lawyer Bradford Gilde noted that while it’s unlikely the full judgment will be recovered, the compensatory verdict holds immense value in restoring DL’s reputation.

Original damages case

Originally seeking $100 million in damages, the legal team expressed hope that the substantial verdict would serve as a strong deterrent, discouraging others from participating in such reprehensible behavior.

Court documents reveal that DL and her ex-boyfriend began their relationship in 2016. During their time together, she had shared personal photos with him. After their breakup in 2021, he allegedly posted these private images on social media and adult websites without her consent.

Furthermore, he distributed links to the images through a publicly accessible Dropbox folder, sending them to her friends and family. The former partner was also accused of unauthorized access to DL’s phone, social media accounts, email, and even the camera system in her mother’s residence, which he exploited to surveil her.

The accused

The accused did not appear in court and was unrepresented by an attorney, as reported by US media. In response to the lawsuit, he was ordered to pay $200 million for past and future mental anguish, along with $1 billion in exemplary damages.

Notably, substantial settlements have been achieved in prior US revenge porn cases. In 2018, a California woman received a $6.8 million award after her former partner shared explicit photos of her on pornographic websites.

DL’s case underscores the complexities and emotional toll of revenge porn incidents. With limited recourse from local law enforcement, she turned to civil litigation. In 2016, approximately 10 million Americans reported being victims of non-consensual or revenge porn, with a significant number of them being women aged 18 to 29, according to a study by the Data & Society Research Institute.

 

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Bitcoin declines to $104,782 amid trade tensions

Bitcoin drops to $104,782 as Trump intensifies US-China trade tensions, impacting global markets

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Bitcoin drops to $104,782 as Trump intensifies US-China trade tensions, impacting global markets

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In Short:
– Bitcoin dropped to $104,782 due to heightened US-China trade tensions.
– The S&P 500 Index fell over 2% amid escalating market uncertainty.
Bitcoin fell to $104,782 amid escalating US-China trade tensions.On October 10, U.S. President Donald Trump announced a significant increase in tariffs on Chinese goods, raising them to 100%.

The decision follows China’s recent restrictions on rare earth mineral exports, which are crucial for various technologies and manufacturing sectors.

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The trade dispute affected global markets, resulting in a more than 2% decline in the benchmark S&P 500 Index.

Bitcoin experienced an 8.4% drop at $104,782 by 17:20 ET, while Ethereum, the second-largest cryptocurrency, fell by 5.8% to $3,637 at 17:21 ET.


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Gold plunges as investors react to Middle East ceasefire

Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.

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Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.


Gold prices have fallen sharply, dropping over two per cent to below $4,000 per ounce, as investors took profits following the announcement of a Gaza ceasefire agreement. The deal between Israel and Hamas triggered a shift away from safe-haven assets, with silver and platinum also sliding.

The U.S. dollar strengthened as markets responded to the news, making precious metals more expensive for foreign buyers. Analysts say the pullback is likely temporary, with long-term demand for gold and silver expected to remain strong amid global instability and rising debt levels.

Market experts warn that volatility will continue as geopolitical tensions persist, even as short-term optimism grows around the Middle East peace process.

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Gold and silver prices drop after Gaza ceasefire

Gold dips below $4,000/oz amid profit-taking and Gaza ceasefire; silver also softens from record highs

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Gold dips below $4,000/oz amid profit-taking and Gaza ceasefire; silver also softens from record highs

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In Short:
– Gold prices fell over 2% to below $4,000 per ounce due to a stronger dollar and profit-taking.
– Silver eased to $48.93 per ounce, influenced by market activity and ongoing high demand despite supply issues.
Gold prices fell over 2% on Thursday, dropping below $4,000 per ounce. The decline followed a strong rise earlier in the year and was influenced by a stronger dollar and profit-taking after a ceasefire deal between Israel and Hamas.Spot gold decreased to $3,959.48 per ounce, while U.S. gold futures for December delivery settled at $3,972.6.

Silver also experienced a slight decline, easing from its record high to $48.93 per ounce. The dollar index increased, making gold more expensive for overseas buyers.

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Traders noted increased activity in the market as profit-taking coincided with reduced tensions in a historically volatile region.

An independent metals trader stated that while gold and silver may need to consolidate further, the underlying demand drivers remain intact.

Market Overview

Gold surpassed $4,000 per ounce on Wednesday, reaching $4,059.05, boosted by geopolitical tensions and strong demand from central banks. The asset has gained about 52% this year, reflecting a significant increase due to various economic factors. The U.S. central bank’s decision to cut rates in September also contributed to the rally, with expectations for future cuts in the coming months.

Silver’s price increase of 69% this year is tied closely to similar economic trends impacting gold. Notably, liquidity issues in the silver market are being exacerbated by strong demand and tight supply conditions. Other precious metals, such as platinum and palladium, also saw declines during this period.

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