Full title: In Spider-Man Homecoming (2017), Ned lies to a teacher by saying he was looking at porn, instead of revealing that he was helping Spider-Man. However, after losing his memories of Peter, this potentially means that Ned now truly believes he was caught watching porn in school.
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He wasn’t looking at porn, he was managing his investments. The CEO of Sex developed his unmatched business accumen at a young age and was already diversifying his portfolio even before graduating from high school.
