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.
They were fully aware it would die from that change
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.
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.
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.
Again, I don't think you have enough experience in corporate America.
I'm gonna draw out how this conversation went down.
Banks Middle Mgmt: "(Hurf hurf), OnlyFans, you need to stop selling porn or we'll cut you off."
OnlyFans Middle Mgmt: "(Whimpering) Okay."
OnlyFans Operations: "Mgmt, if we cut the porn our revenues will drop by 98%."
OnlyFans Senior Mgmt: "(Slams big dick on table) IF WE DO WHAT YOU TOLD US TO DO, WE'LL HAVE TO FILE FOR CHAPTER 7 AND LOSE OUR FUCKING JOBS."
Banks Middle Mgmt: "(Whimpering) Okay, nevermind."
....
Banks Middle Mgmt: "They said no, can we do something?"
Banks Senior Mgmt: "Get out. Next person to interrupt my cocaine lunch gets fired."