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OnlyFans suspends plan to ban "sexually explicit" content

OnlyFans, an online creator platform known for its adult content, announced via Twitter Wednesday that it has dropped plans to ban "sexually explicit" content on its platform in October.

Why it matters: The move comes after the proposed ban sparked an outcry from sex workers who relied on the platform to safely make a living.


What they're saying: "Thank you to everyone for making your voices heard," the platform tweeted. "We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change."

  • "OnlyFans stands for inclusion and we will continue to provide a home for all creators."

The big picture: OnlyFans announced the proposed ban on sexually explicit content last week.

  • The company has struggled to attract outside investors and the move was done at the request of at the request of its banking and payout partners, it said.
  • The move concerned many sex workers who had made long-term financial commitments, including mortgages, based on the presumption that they'd continue posting on the platform.

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Fauci says transition delay harmful to public health as COVID-19 cases surge

NIAID Director Anthony Fauci said on CNN's "State of the Union" Sunday that President Trump's refusal to cooperate with President-elect Biden's transition team hurts public health as coronavirus cases surge across the country.

The state of play: As President Trump refuses to concede the election to President-elect Joe Biden, General Services Administration Administrator Emily Murphy has not signed documents declaring Biden the apparent winner, preventing the president-elect's agency review teams from having access to the information they need in order to get to work.

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The SPAC boom is starting to crack

The SPAC boom is beginning to show its first cracks, as several private equity-sponsored efforts have needed to downsize.

Driving the news: Cerberus yesterday shrunk the anticipated IPO for its telecom-focused SPAC from $400 million to $300 million.

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AOC says it's "extremely important" that Biden offer Bernie Sanders a Cabinet position

Rep. Alexandria Ocasio-Cortez (D-N.Y.) said on CNN's "State of the Union" Sunday that she believes it's "extremely important" that Joe Biden offer Sen. Bernie Sanders and other progressive leaders Cabinet positions if he's elected president.

The big picture: Ocasio-Cortez was pressed repeatedly on policy differences between her and the more moderate Biden, including her opposition to fracking and support for Medicare for All. She responded that it would be a "privilege" and a "luxury" to be able to lobby a Biden administration on progressive issues, insisting that the focus right now should be on winning the White House.

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Roku and AT&T finally reach agreement to distribute HBO Max

After a months-long battle, Roku and AT&T have finally reached an agreement to distribute AT&T's streaming service HBO Max.

Why it matters: Until now, Roku was the only TV platform that did not carry HBO Max. AT&T struck a deal to distribute HBO's on-demand subscription video service on Amazon Fire devices and Prime Video channels in November.

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