This is like if McDonald’s just decided to stop selling burgers and fries or if Taco Bell Stopped selling Taco’s (I said taco’s).

I’m pouring one out for Cardi B as I type this.

Oh wow, they actually are getting out of the porn business. Weird! https://t.co/auRalX5sKB

— Josh Barro (@jbarro) August 19, 2021

Last year OnlyFans generated 2 BILLION (with a ‘B’) in revenue keeping $400 million for themselves after paying out 1.6 Billion to ‘creators’.  In an effort to attract investment funding, they’re planning on blocking sexually explicit material starting in October and fucked if I know who plans on using it for anything other than porn.

Bloomberg: The company will prohibit users from posting any sexually explicit conduct, starting in October. Creators will still be allowed to post nude photos and videos, provided they’re consistent with OnlyFans’ policy, the company said Thursday.

The changes are needed because of mounting pressure from banking partners and payment providers, according to the company.

“In order to ensure the long-term sustainability of our platform, and they continue to host an inclusive community of creators and fans, we must evolve our content guidelines,” OnlyFans said.

OnlyFans has attracted more than 130 million users by giving online creators a platform to charge their fans for photos and videos. Many of its most popular creators post nude photos and videos, and it has been praised for giving sex workers a safer place to do their jobs.

But sex work still has a stigma. And OnlyFans is trying to raise money from outside investors at a valuation of more than $1 billion. The company handled more than $2 billion in sales last year and is on pace to more than double that this year. It keeps 20% of that figure.

Name another company that plans on putting 800 million in its pockets in 2021 that plans on shuttering the whole thing for banking on the advice of banking nerds.

There isn’t one.

This is either a Harvard grad playing chess with a porn site that’s playing checkers or is the WORST idea in the history of terrible business ideas. It all starts October 1, when sex workers making billions of dollars around the globe have to start buying their own servers.  UNLESS we here at deanblundell.com come up with OnlyFans 2.0 which is where the REAL opportunity lies.

The first person to skin the porno-friendly concept is going to be one rich son-of-a-bitch.

I’m in.

DB