Never celebrate too early, The Fourth Reich always wins.
(mobile.twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (37)
sorted by:
Yes, and that's what cutting payments would do as well.
The banks/payment processors wanted OF to die.
What the hell happened in the last few days? That's what will tell you who really controls the world.
No, they wanted OnlyFans to CHANGE.
Instead, they realized that what would happen is that it would instantly go Chapter 7.
They stumbled on the most brazenly stark "get woke go broke", something so primal and binary that there was no ambiguity, no doubt. If you make us do this, we will have to file for bankruptcy.
And so the banks backed down.
Don't be naive. They were fully aware it would die from that change, they wanted that to happen.
It wouldn't affect them if OnlyFans went bankrupt, Visa for example, is a huge corporation with a market cap around half a trillion dollars.
I can't answer why, because I doubt it's a moral objection. Likely a legal one if anything.
What I'm wondering is, who stepped in for OnlyFans to either threaten the payment processors into backing down, or provided the legal protection to make the payment processors withdraw their complaint.
No.
TI, I don't think you've spent nearly enough time in corporate America to understand how things work.
When I look at this, I see the telltale pattern of a stupid management decision being overruled when the hard data comes in and says how stupid it would be.
Why would the card companies care about the miniscule level of transaction fees they get from OF compared to the legal risk?
Either someone intervened, or u/guyven is right.