Only Fans owner "Trying" to SELL the site for $8 BILLION !

[topunderachiever]

But WHO would be a likely buyer?  It's a bit strange he wants out now,  Has it peaked?  Are there rumblings of resistance?   Hmmm.  

Exclusive | OnlyFans' billionaire owner quietly looking to cash out -- but...

NYPOST.COM

---

"You're looking to find billionaires and trying to sell it as not an adult content company but just a platform like X that allows adult content," a source told The Post.

Edited May 22 by topunderachiever

[topunderachiever]

reuters.com

WWW.REUTERS.COM

Revenue jumped from $375 million in 2020 to $6.6 billion in 2023!  😲

Edited May 23 by topunderachiever

[BuffaloKyle]

Maybe he's worried about a recession where people would start pulling back on memberships or if the government passes a nationwide law requiring sites to verify users are over 18.

[Simon Suraci]

I imagine Leonid is worried about the eventual consequences of owning and benefiting directly from a platform that, in some cases, hosts porn involving trafficking victims, children, and non-consensual content. It’s so large that it’s impossible to police everything perfectly. Stuff takes months or longer to track down and force them to take it down. The man at the top is becoming a billionaire off the backs of various sex crime victims, in addition to a majority of legitimate adult content creators doing their work by the book with the consent of everyone involved. It’s a thorny issue. Who is benefiting, and is it right? Maybe he wants someone else holding the bag when things go south.

With certain unnamed characters running the show in the US, and the US making up a large portion of the fan site’s revenue and content sources, we can only naturally expect some pressure to go after the adult industry in the coming months or years. In what ways, and to what extent, who knows? The uncertainty around all this is likely motivating the current owner to sell. An IPO would be another way to indirectly sell off shares and essentially sell the company to many shareholders, who are then left holding the bag.

Why else would a billionaire want to part ways with an asset that continues to grow by leaps and bounds?

[Nightowl]

Rumors are swirling around that there is a move afoot to make porn illegal, which would either kill OF or force it to become broader in its content. Maybe he’s just trying to unload it before that happens.  

[+ Jamie21]

17 hours ago, Simon Suraci said:

I imagine Leonid is worried about the eventual consequences of owning and benefiting directly from a platform that, in some cases, hosts porn involving trafficking victims, children, and non-consensual content. It’s so large that it’s impossible to police everything perfectly. Stuff takes months or longer to track down and force them to take it down. The man at the top is becoming a billionaire off the backs of various sex crime victims, in addition to a majority of legitimate adult content creators doing their work by the book with the consent of everyone involved. It’s a thorny issue. Who is benefiting, and is it right? Maybe he wants someone else holding the bag when things go south.

With certain unnamed characters running the show in the US, and the US making up a large portion of the fan site’s revenue and content sources, we can only naturally expect some pressure to go after the adult industry in the coming months or years. In what ways, and to what extent, who knows? The uncertainty around all this is likely motivating the current owner to sell. An IPO would be another way to indirectly sell off shares and essentially sell the company to many shareholders, who are then left holding the bag.

Why else would a billionaire want to part ways with an asset that continues to grow by leaps and bounds?

The price seems high given the uncertainty surrounding future revenue. I doubt very much an IPO would be possible. No public market would touch it nor would an investment bank underwrite it. More likely buyer is private equity. 

[d.anders]

With the changes that are coming, he clearly would like to cash out now. IMO, it may be too late for this price.

[+ sync]

I have no inside information, but on the surface it appears to be someone "getting the hell out of Dodge."

[+ Alabastrine]

All owners will eventually want to "cash out", especially if the revenue is growing rapidly- that's when you want to sell it, not once things start to go into decline. I would be far more worried about the new ownership, as it raises questions on how they're handling any metadata. Some owners are more privacy oriented, and others understand that selling viewer data to third parties can often be far more lucrative than the app revenue itself.