You’ve likely heard by now that OnlyFans is banning sexually explicit content beginning October 1 in what may very well be the dumbest business move ever.
The news came as a shock to many of the site’s creators and subscribers since it’s basically known for being the go-to place for amatuer adult content.Related: OnlyFans to ban explicit content, JustForFans immediately pledges to remain sex-basedSubscribers pay a monthly fee to follow their favorite creators, with OnlyFans taking a 20% cut of all proceeds.
Last year, the site made roughly $2 billion from more than 130 million users. But pressure from its banking partners and payment providers has led the platform to change its policy on explicit content.Naturally, Gay Twitter™ is not happy.