Ascending U turn prompted by quite
a bit of backlash, OnlyFans said
that it will suspend its plans to
ban pornography on its platform.
Now, Only Fans isn't just used for
pornography, but many do use it for
pornography.
And those who did earn a living by
doing so,
were incredibly frustrated and
upset with good reason, when
Only Fans decided to change their
business model out of nowhere.
Now, they have
released a statement arguing this.
We have secured assurances
necessary to support our diverse
creator community and
have suspended the plant October 1
policy change.
Thank you to everyone for
making your voices heard.
Only Fans stands for
inclusion, and we will continue to
provide a home for all creators.
So listen, the people who use the
platform for pornographic material
made Only Fans what it is, and then
Only Fans decided to abandon them
citing investment purposes, right?
There are you know investors and
banks, they don't really like
funding things that have anything
to do with adult materials.
So we're going to go ahead and
clean up the act here.
And it was wrong, right, I mean
look, it's not just Only Fans we
see this, this kind of maneuver,
yeah, maneuver happen in various
ways with other platforms as well.
Random changes out of nowhere that
benefit their business model,
the benefit their finances, but
of course hurt the very content
creators that made their platform
successful in the first place.
So I'm glad that they backed off.
But the word suspension meaning
they're suspending their plans
makes me a little uneasy.
John, would you think?
>> Yeah, well, look,
they say that therefore,
they're an inclusive community so
long as MasterCard likes it,
I guess.
So then not really, then it's as
long as it's convenient, I guess.
If we can have the financial stuff
we want and be inclusive we'll do
it otherwise of those two which
don't we know which they'll choose.
So, in theory, if MasterCard or
whoever, I'm just using them as
a stand in for
the financial aspect of this,
if those companies change their
mind again, what are we supposed to
be that this time Only Fans will
take the principled stand?
Why would we believe that?
It may be we believe it because
they clearly are scared, maybe.
But the whole thing is so
frustrating.
They have a position.
There are other things like Only
Fans for these sorts, that sort of
content, but they're the biggest.
There's no point in doing all of
this extra work throwing everyone
off a cliff so that you can be
a less cool Patreon.
>> Yeah, >> The same sort of
content that already has a bunch of
other places.
>> Exactly.
>> You can do crowdsourcing for,
>> Exactly >> Why would people
switch over to?
Okay, so used to be born and
then you got rid of everybody,
I'll join.
Why would anyone do it's
such a terrible idea?
>> Can we also just discuss
the banking sector and how they're
willing to do business with all
sorts of nefarious corporations
that literally cause damage to this
planet, to our lives on a regular
basis, but adult material?
You have adult
material on your platform?
I don't know if we really
want to finance that.
Look, Only Fans shouldn't have
threatened the policy change in
the first place.
So they certainly deserve the blame
and the backlash has led to them
kind of pivoting in a different
direction.
Which I'm glad about, but we should
obviously keep our eyes on it
because I think this is just a way
to get people off their backs,
at least temporarily.
But I do also think that it's
important to discuss certain things
that do get financed by these
big banks.
And it's considered totally okay,
totally ethical, when in reality it
should not be considered ethical.
So, do they
do business with gun manufacturers?
Do they do business with fossil
fuel companies?
Do they do business with all sorts
of industries that are destructive
to communities, to the planet?
Yeah, of course they do,
of course they do.
And there's very little pushback on
that, right?
You'll have wonderful environmental
activists who have succeeded in
some cases in getting various
banks to pull their investments
out of fossil fuel companies,
which is great.
But clearly there needs to be
backlash toward these banks for
them to pull their investments, but
they don't find any moral
issues with funding those types of
corporations, right?
They certainly do find problems
with adult material?
I mean, why?
>> It's the real scourge.
>> Same thing with legalized pot.
I mean, it depends on where grow,
not grow,
where you purchase your marijuana.
Various states have legalized it
for both recreational and medicinal
uses,but a lot of dispensaries,
they have a hard time in terms of
taking debit or credit cards for
those transactions, but why?
We're talking about pot versus,
again, fossil fuel companies that
have caused so
much damage to the environment and
our lives as a result.
>> Yeah, all the extra requirements
the financial, like red tape for
the power companies,
which was bad enough, the way that
these companies were treated back
when it wasn't legal but
now we've had it for years.
It literally doesn't matter.
>> Yeah, >> I ordered it via an app
and they brought it to my house
faster than jack in the box would
have delivered, and I'm fine.
So can we can we move past all that
nonsense and just treat it like
the normal business it is?
Is effectively the exact same
thing as alcohol, but
it's not as bad for you.
>> Right.
>> That's basically all it is.
>> Yeah. >> And
with with pornography,
Only Fans has an opportunity.
They certainly had a better
opportunity before all this to be
like kind of maybe
the aspiration of these sorts
of crowdsource sites.
First of all,
I didn't even do that.
I don't even think they
have advertisers.
But they could say, we're going to
find advertisers that would like to
have their products and
services placed on a platform that
everybody uses and
more will with every passing year.
And then we will demonstrate via
how successful those
campaigns are to bigger companies.
And it might be difficult because
of how puritanical our society is,
but maybe over time they could
break through to people.
And while something like MasterCard
may not want to process payments
there, some companies will.
And you know what they'll get for
their trouble?
Lots of money because they
get paid for all of those payments
that they process.
And so that they could go
to the bigger ones later and
show hey, this rinky dink whatever
made extra amount of money.
It might take a little bit of time
to build up, but
it's not like they're not making
huge amounts of money to Only Fans
in the meantime anyway, right?
How much bigger does the growth
need to be?
You could still make huge sums
of money and
maybe move the country closer to
where it needs to be in terms of
its ridiculous stigma on sex work.
Yes here, I believe right there.
>> Make me CEO.
[LAUGH] >> Or just give me stock,
I don't know if they have that.
>> In Only Fans?
>> I don't think that, >> Yeah.
>> They're a public company but
anyway move in that direction.
>> Yeah