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OnlyFans reverses sex ban following user backlash

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After backlash from creators, OnlyFans has announced it will delay making changes to its policy on content creation

https://twitter.com/tickerNEWSco/status/1430658684330328067

Last week the content subscription service announced plans to block sexually explicit photos and videos from this October.

OnlyFans, a site where fans pay creators for their photos and videos, is planning to ban “sexually explicit” content.

The video content platform had announced a ban will start on October 1, as a result of requests from banking partners and companies that handle financial transactions.

However, the popular platform tweeted it has “suspended the planned policy change”.

TWEET ON AUGUST 25
TWEET ON AUGUST 22 REGONISING BACKLASH

It is currently unclear if the delay will be permanent.

“Thank you to everyone for making your voices heard,” said the company on twitter.

“We have secured assurances necessary to support our diverse creator community and have suspended the planned 1 October policy change.

“OnlyFans stands for inclusion and we will continue to provide a home for all creators.”

OnlyFans makes its money by taking 20% of all payments made to its content creators.

In an email to its users, OnlyFans says that the proposed 1 October 2021 changes are “no longer required, due to banking partners’ assurances that OnlyFans can support all genres of creators.”

“OnlyFans is committed to providing a sage and dependable platform for all creators and their fans.”

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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