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.
Intellectual Property Ontario aims to make more of discoveries made in province
GM, Posco get millions in government funding for EV battery-materials facility in Bécancour
Canadians’ spending falling in major cities like Toronto, Vancouver, Calgary
Clear Finance said to be biggest SVB Canada debtor as loan book deadline looms
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.