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> But sex work still has a stigma. And OnlyFans is trying to raise money from outside investors at a valuation of more than $1 billion. > The company handled m
by ctoth 5y ago
> But sex work still has a stigma. And OnlyFans is trying to raise money from outside investors at a valuation of more than $1 billion.
> The company handled more than $2 billion in sales last year, and is on pace to more than double that this year. It keeps 20% of that figure.
So they're killing the golden goose to placate outside money when they already are making ~800M a year?
Something here doesn't really add up but I don't know enough about this field to see what I'm missing.
- djrogers 5y agoYour math is off - 20-% of 2b is $400m
- snypher 5y agoThey're doubling that this year, so 4b?
- lotsofpulp 5y ago>citing mounting pressure from banking partners and payment providers Based on the tweet, I would presume their ability accept payment via the established payment networks is being threatened.
- pvarangot 5y agoYeah, they are basically screwing up their investors. They pumped up the valuation being a porn site and now will get a bunch of money with low dilution for hiring more executives and stuff probably with a stupid plan like "we are going to be the next Twitter" that will fail in like three years.