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.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
