bearish
OnlyFans is Stuck Between a Rock and a Hard Place
SUMMARY
- Reports emerged in the past week that social media & content creation platform OnlyFans was holding talks with prospective SPACs for a potential deal.
- Despite numerous attempts at fundraising in the past, investors remain skeptical about the adult-oriented nature of the content shared on the platform
- The company is in a delicate position, needing banks & payment providers to process payments while relying on explicit content to drive future avenues of growth
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