OnlyFans said Thursday it would no longer allow 'sexually explicit' content, starting from Oct. 1.
last year cut ties with rival porn site Pornhub after accusations the porn site showed videos containing underage sex, rape and revenge porn. Pornhub denied claims it allows child sexual abuse material, and subsequently tightened its rules to prohibit uploads from unverified users.
"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," the company said.in recent years, thanks in large part to its hosting of clips and photos from adult performers. The platform lets sex workers charge their fans a fee to view "not safe for work" material.
OnlyFans claims to have over 130 million users and 2 million content creators. The company generated net revenue of $375 million last year, according to anThursday which cited an investor deck. OnlyFans expects to hit $1.2 billion in revenues this year, and $2.5 billion by 2022, Axios reported. With numbers like that, you'd think venture capitalists would be lining up to write a check for OnlyFans. However, according to Axios, many investors are steering clear due to concerns over its adult content. Some venture funds are prohibited from investing in sexual content sites due to agreements with their institutional backers.The move is likely to anger many OnlyFans content creators, who rely on the service as a key source of income.
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