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Tech Brew Ride Home

Fri. 08/20 – OnlyFans Pulls A Tumblr

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 20 August 2021

⏱️ 21 minutes

🧾️ Download transcript

Summary

OnlyFans wants to get out of the porn business, which makes sense to nobody on the Internet. Elon Musk says Tesla is building a humanoid robot, and I love you Elon, but you’ve really opened the door to your critics with this one. Microsoft is raising prices, and of course, the weekend longread suggestions. Sponsors: Postie.com/techmeme TinyCapital.com Links: OnlyFans has tons of users, but can't find investors (Axios) OnlyFans to Bar Sexually Explicit Videos Starting in October (Bloomberg) Microsoft will raise Office 365 business subscription prices in 2022 (CNBC) Elon Musk says Tesla is working on humanoid robots (The Verge) Elon Musk Unveils His Funniest Vaporware Yet (Gizmodo) The Weekend Longreads Suggestions: The FBI’s warning to Silicon Valley: China and Russia are trying to turn your employees into spies (Protocol) Electric cars and batteries: how will the world produce enough? (Nature) Waymo Is 99% of the Way to Self-Driving Cars. The Last 1% Is the Hardest (Bloomberg Businessweek) These People Who Work From Home Have a Secret: They Have Two Jobs (WSJ) Amazon Killed the Name Alexa (The Atlantic) Afghanistan - Part 1 (The Rest Is History Podcast) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Friday, August 20th, 2021. I'm Brian McCullough.

0:08.0

Today, only fans want to get out of the porn business, which makes sense to nobody on the internet.

0:14.7

Elon Musk says Tesla is building a humanoid robot, and I love you, Elon, but you've really

0:20.1

opened the door to your critics with this one.

0:22.6

Microsoft is raising prices and of course the weekend long rate suggestions.

0:26.4

Here's what you miss today in the world of tech.

0:29.1

Only fans announced late yesterday that it will be prohibiting users from

0:37.6

posting any quote sexually explicit conduct unquote in October, but will continue to allow nude photos and

0:47.0

videos on the platform. So I guess that conduct word is key there.

0:52.8

Now number one, if the reaction on Twitter is indicative of anything,

0:56.6

only fans is way more popular than I thought because everyone was freaking out

1:00.7

about this last night.

1:01.6

Number two, remember when Tumblr banned porn, how did

1:05.9

that work out for them? Number three, I didn't mention it this week, but there were

1:10.0

rumors floating around earlier this week that only fans was struggling to find investors,

1:14.7

possibly due to hosting adult content. A pitch deck that was circulating for only fans to attempt

1:20.5

to raise money showed that the company was predicting $5.9 billion in gross merchandise

1:27.0

value in 2021 and $1.2 billion in net revenue.

1:32.2

So they were looking for some financing that would value them

1:35.0

above a billion dollars in aid of probably going public sometime in the near

1:39.0

future. Quoting Axios. The Rain Group, a merchant bank focused on tech and telecom this past spring,

1:45.6

began helping onlyfans to solicit investors.

...

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