OnlyFans founder Tim Stokely steps down

Background: Gan first joined the company in 2020 as its chief of marketing and communications. She previously worked for Red Bull, Quest Nutrition and a Los Angeles-based cannabis café, Bloomberg notes.

The big picture: Earlier this year, OnlyFans announced a proposed ban on sexually explicit content. But it suspended those plans after receiving backlash from sex workers who rely on the platform to make a living.

• The company, which has struggled to attract outside investors, said the move was done at the request of its banking and payout partners.
• OnlyFans allows for creators to charge users for exclusive photos and videos, allowing for sex workers to use the site to send explicit content.