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OnlyFans drops planned porn ban

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Re: OnlyFans drops planned porn ban

#531

Post by reydequeso » Wed, Aug 25, 2021, 4:48 PM UTC

toofy wrote: post #519

White this is temporarily great news for sex workers, its worth keeping a couple things in mind: This would seem to be in large part an extension of the wider religious right and groups similar to the Moral Majority's push from previous decades to remove sexuality or "objectional content" from the public sphere. This recent OnlyFans (and PornHub) pressure were driven in large part by pressure from Exodus Cry and NCOS…

>I think they'll probably try to grab momentum from some of the other more ... conpsiratorial(?) groups that have some popularity currently.

if they do as you say, which i think is quite plausible, it'll be interesting to see how they fit in the more anti-semetic and end-of-days thoughts that are foundational to those groups.

Re: OnlyFans drops planned porn ban

#532

Post by cirgue » Wed, Aug 25, 2021, 4:49 PM UTC

toofy wrote: post #519

White this is temporarily great news for sex workers, its worth keeping a couple things in mind: This would seem to be in large part an extension of the wider religious right and groups similar to the Moral Majority's push from previous decades to remove sexuality or "objectional content" from the public sphere. This recent OnlyFans (and PornHub) pressure were driven in large part by pressure from Exodus Cry and NCOS…

How much of a role did these groups play in anyone’s decision making here? I’ve never gotten the impression that either of these groups to be especially influential outside of getting congressional reps to occasionally sponsor symbolic legislative fights. Like you can run all the media that you want but ultimately banning porn from the internet is a pretty quixotic endeavor and the stakeholders in OF know this. Where’s the leverage?

Re: OnlyFans drops planned porn ban

#533

Post by dragontamer » Wed, Aug 25, 2021, 4:49 PM UTC

kbenson wrote: post #507

dragontamer wrote: post #361

Earlier quoted context omitted.

What risk is there? * If you fail to grow, the investors lose their money. But the company still exists afterwards. * If you succeed, you still get many benefits. You're risking __someone else__'s money. And they're not even asking for the money back, just equity. In fact, a common scheme is to take the money, pay yourself, and do nothing. (Slightly fraudulent, but its really hard to tell the difference. Ex: all the…

I guess the risk is going from possible 50%+ ownership of a a company worth a few millions or tens of millions to much less ownership of a company worth roughly the same amount if it fails to grow. Or the risk of being forced out of control, I guess. I think that's a good illustration of why people do it. 10% of a $20 million dollar company is still worth something and even if you lost ten or twenty million or so fro…

> I guess the risk is going from possible 50%+ ownership of a a company worth a few millions or tens of millions to much less ownership of a company worth roughly the same amount if it fails to grow. Or the risk of being forced out of control, I guess.

If the company is worth $50 million, and you sell 10% of it, the company gets $5 million bucks.

Since the company is now $5-million richer, you'd expect the company to really be worth $55 million at least (since its the same company, except now with $5 million more bucks).

It is now on the onus of the CEO to ensure that the extra cash does indeed grow the company's value. Sure, the money could be pissed away in a party yacht. But ideally, a good CEO will do something reasonable with the money. (Though the party yacht is often then used to raise more money from other rich folk, raising the value of the company again, lol)

As long as the CEO doesn't fall into the trap of just grabbing money without purpose... as long as the CEO has a plan for what to do with the investment money... its probably a good thing. IMO, where a lot of CEOs make a mistake is that they go into full-tilt money raising mode and never stop to think if they have "enough money for now". But I doubt that OnlyFans is at this stage of the game, OnlyFans probably can grow much faster with a bit more investment money.

Re: OnlyFans drops planned porn ban

#534

Post by zimpenfish » Wed, Aug 25, 2021, 4:50 PM UTC

isatty wrote: post #329

zimpenfish wrote: post #122

Earlier quoted context omitted.

> Does anyone remember Tumblr? No? Yes? I check my Tumblr timeline pretty much every day - there's a lot of content there (and I only follow a handful of people.) Anyone suggesting Tumblr is dead is mistaken. (And yeah, the daily posts are way down but that's after 8 years of neglect and mishandling. Any social network would suffer the same!)

Tumblr went from >1B valuation to ~3M right after it was announced. It wasn't the 8y of neglect that did it.

> Tumblr went from >1B valuation

Yahoo are not known for their savvy approach to acquisitions - they frequently paid well over the odds for the cachet of ownership until Verizon snapped them up.

> to ~3M right

But we don't know how much they were valued at when Verizon bought the Yahoo group in 2017. If they considered Tumblr only worth $3M then before they banned porn, then the porn ban has done nothing to the valuation. Anything else is just conjecture.

Re: OnlyFans drops planned porn ban

#535

Post by crescentfresh » Wed, Aug 25, 2021, 4:52 PM UTC

jimbob45 wrote: post #526

toofy wrote: post #519

White this is temporarily great news for sex workers, its worth keeping a couple things in mind: This would seem to be in large part an extension of the wider religious right and groups similar to the Moral Majority's push from previous decades to remove sexuality or "objectional content" from the public sphere. This recent OnlyFans (and PornHub) pressure were driven in large part by pressure from Exodus Cry and NCOS…

I was under the impression that this was a matter of pragmatism by the payment processors to avoid the chargebacks that adult-oriented industries are known for. I haven’t heard any source say that this was for Puritanical reasons at all.

The momentum from these groups against OnlyFans (and others) started last year when covid hit and porn consumption in general "went up".

https://reason.com/2020/04/24/people-stuck-at-home-are-makin...

Re: OnlyFans drops planned porn ban

#536

Post by sgerenser » Wed, Aug 25, 2021, 4:53 PM UTC

Kye wrote: post #301

after_care wrote: post #209

Earlier quoted context omitted.

When I graduated (5-10 years ago) internships were the best way to grain experience and stand out a bit above the rest in the full time hiring portion. 1. The company that hired the interns received a fantastic deal on labor. I think the company that hired me did it because they had an extra fully equipped desk that was going to waste without someone coding on it. 2. Not every student earned an internship, so gaining…

The hard part is finding one that's paid, or pays enough. Most people can't afford to do un(der)paid labor for the prospect of maybe, possibly, but maybe not getting a job. Being able to do unpaid labor selects for people with other things working in their favor.

Almost all tech internships are paid (for people with CS or engineering majors). Only really shady companies would try to get away with not paying a technical intern. In most cases these folks are doing real work, not just fetching coffee.

Re: OnlyFans drops planned porn ban

#537

Post by wubbert » Wed, Aug 25, 2021, 4:53 PM UTC

toofy wrote: post #519

White this is temporarily great news for sex workers, its worth keeping a couple things in mind: This would seem to be in large part an extension of the wider religious right and groups similar to the Moral Majority's push from previous decades to remove sexuality or "objectional content" from the public sphere. This recent OnlyFans (and PornHub) pressure were driven in large part by pressure from Exodus Cry and NCOS…

I thought Pornhub banned unverified content because MasterCard added them to a blacklist over them repeatedly not deleting illegal content?

Re: OnlyFans drops planned porn ban

#538

Post by radu_floricica » Wed, Aug 25, 2021, 4:53 PM UTC

onlyfansfan wrote: post #97

A question to you entrepreneurial types. Why does an globally established and growing company with a proven business model want to raise a billion dollar investment? It's money they'll have to pay back with interest and I assume there would be other strings attached (like the high risk implied by the planned move that was now canceled). How is possibly better than organic growth at this point where they are probably…

A bit of a tangent, but the dynamics in high-value investment is quite the opposite. You have people with lots of money (they do exist) who don't have anything to do with that money. They want to make it grow, and often are paid or otherwise incentivized to make it grow, but it's kinda hard to find a way of making 1 billion make you 100 million in a couple of years, without doing micromanagement for 1000 different 1-million businesses.

So the market is skewed the other way: if you are a company that seems to be able to productively use a lot of money, they'll be throwing investments at you. And onlyfans is currently in a very good position to do this.

Also, from what I read the consensus seems to be their decision had nothing to do with investors (if I were an investor I'd be absolutely livid to hear it), but with payment processors, especially master card.

Re: OnlyFans drops planned porn ban

#539

Post by gonehome » Wed, Aug 25, 2021, 4:54 PM UTC

toofy wrote: post #519

White this is temporarily great news for sex workers, its worth keeping a couple things in mind: This would seem to be in large part an extension of the wider religious right and groups similar to the Moral Majority's push from previous decades to remove sexuality or "objectional content" from the public sphere. This recent OnlyFans (and PornHub) pressure were driven in large part by pressure from Exodus Cry and NCOS…

I thought the main cause of this was a recent law change regarding liability around sex trafficking: https://www.wired.com/story/how-a-controversial-new-sex-traf...

Rather than risk this liability it's easier for payment processors to just not work with high risk sites.

Re: OnlyFans drops planned porn ban

#540

Post by secondaryacct » Wed, Aug 25, 2021, 4:54 PM UTC

traveler01 wrote: post #66

As a Gen-Z also recently graduated (less than 5 years), I can assure you, the fact these platforms are so big is because being graduated isn't worth anything these days. You are lucky or you are not.

Come on, there was never an era when "graduation" was worth anything. I graduated a small university in Normandy, France and work in an investment bank in Hong Kong.

You think they care I graduated at all? :D Be intelligent, know things, be creative and always end a job interview with the guys telling you you interviewed them.

Graduating is worth nothing. Whatever you learned while at university is worth a lot to get a free internship. Whatever you learned during the internship is worth a bit. Always been so, always will be.

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