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:
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
The Big Read
Why Shopify is gambling millions on a decades-long green strategy
Panier Bleu’s future uncertain as Quebec government mulls pulling funding
1Password acquires Kolide
Waterloo-based Teledyne to supply Ukraine with more than 800 drones
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.