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:
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.
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."
But why would the banks care? That's the part that doesn't make sense.