OnlyFans to prohibit "sexually explicit" content on platform
OnlyFans, an online creator platform known for its adult content, announced Thursday that it will prohibit creators from posting "sexually explicit" content starting in October.
Why it matters: The company, which has been struggling to find outside investors, said it made the decision at the request of its banking and payout partners, though it is unclear how it will decide what content is sexually explicit.
What they're saying: "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 said in a statement.
Between the lines: OnlyFans, which has 130 million users and over 2 million creators, has been one of the creator economy's largest and most successful platforms recently based on company financials leaked to Axios. But some venture capital funds are prohibited from investing in adult content that is ubiquitous on its platform.
