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Ex-nurses who are making $200k a month via their OnlyFans accounts were blindsided Thursday when the anything-goes adult website announced it would begin the process of pulling out of the explicit content business. Citing mounting pressure from banking partners and companies that process credit cards, OnlyFans told Bloomberg that content guidelines were changing in order to please those financial institutions processing payments.
“Effective 1 October, 2021, OnlyFans will prohibit the posting of any content containing sexually-explicit conduct. In order to ensure the long-term sustainability of the platform, and to continue to host an inclusive community of creators and fans, we must evolve our content guidelines,” the company stated. “Creators will continue to be allowed to post content containing nudity as long as it is consistent with our Acceptable Use Policy. These changes are to comply with the requests of our banking partners and payout providers. We will be sharing more details in the coming days, and we will actively support and guide our creators through this change in content guidelines.”
In June, the company was seeking a $1 billion valuation. The company was profitable with $400 million to the good based on a 20% fee made off of $2 billion in sales during 2020.
The variety of OnlyFans stars out there has been well-documented here on OutKick. There have been the nurses, the regular housewives, the ex-cops, even Ryan Mallett’s ex-wife was on there making money. In fact, a quick check shows that Tiffany is still working hard for her subscribers that shell out $30 for access to her content.
When contacted by InputMag.com, OnlyFans wouldn’t say what would happen to the explicit content archived on the network. That’s bad news for those who were thinking of just digging into the archives like it’s a New York Times subscription.
“Now instead of looking like a positive force in the world, OnlyFans could be seen as betraying the people who got it where it is today. Its turn away from explicit content could help it attract more upscale partners, but sex workers will remain in the underground economy where they’ve always been stuck as capitalism decides that their work isn’t acceptable,” Input writes.
It’s all fine and dandy for sex workers to be pissed that their gravy train is coming to an end, but they shouldn’t be surprised. Renee Gracie, the race car driver who went from not making a penny racing to $25,000 a week, isn’t forced to work for OnlyFans. She could easily take her porn and subscribers to her own platform. She can build her own payment system to suck $30 off a credit card from some guy in Louisville, KY.
In fact, that’s what Renee Gracie should’ve been doing with her capital. Cut OnlyFans and its 20% right out of equation. If the sex workers don’t like the OnlyFans decision, the logical move is to create a new platform. Simple.
As for an OnlyFans built on basic nudity, there will still be morons paying $9.99 to see Veronika from the Ukraine. But will there be enough profit there to satisfy a $1 billion valuation? It depends on the public’s acceptance to what sounds like a TikTok competitor with boobs popping out from time to time.
And before you laugh at such a valuation and a pivot to a mainstream TikTok competitor, keep in mind TikTok was said to have a valuation this summer of $425 BILLION. OnlyFans clearly wants in on some of that and they’re willing to sacrifice the porn and the sex workers.