When Only Fans announced that they would be blocking adult content on the platform, creators like Pyra Faye were shocked and disheartened.
"A lot of us found out about the changes that they were planning to make in the news before they notified us directly," Only Fans content creator Pyra Fae told Cheddar News' Michelle Castillo. "And for those adult content creators who are invested and have spent time building a following on OnlyFans, the initial news was scary, as many of us wondered if we would be able to maintain the financial commitments we made based off of our OnlyFans income."
The company has since changed stances, saying it would suspend its initial ban on sexually explicit content. But Pyra Fae said the damage has been done as she's noticed website traffic decline, which has impacted her business. In addition, creators are growing wary of building status on a platform that can ban them at a moment's notice.
"As people heard the news, they became less trustworthy of OnlyFans," she said.
Platforms like OnlyFans are important for those in the adult industry because they provide a safe digital space without having to face the dangers of in-person interactions. In addition, these sites allow men and women to control more of the revenue if their content does well rather than be forced to accept one-time payments. But as credit card companies crack down on providing services to companies that may have illegal content, many of them are finding their content doesn't have an online home.
Updated September 3, 2021 at 2:00 pm ET to correct byline.
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.