OnlyFans is turning off sex. On Thursday, the London-based subscription-content site confirmed a Bloomberg report that it will no longer allow sexually explicit material. Beginning Oct. 1, users will only be allowed to post nude content consistent with the website’s acceptable-use policy. The changes are necessary “to comply with the requests of our banking partners and payout providers,” the company said. Though OnlyFans boasts over 120 million users across the globe, investors have been reluctant to jump in due to much of the content on the site. Here are the key takeaways:
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