Dec 21, 2021 - Economy

OnlyFans founder Tim Stokely steps down

Picture of a smartphone with the OnlyFans logo displayed on the screen

Photo: Nikolas Kokovlis/NurPhoto via Getty Images

OnlyFans founder Tim Stokely announced Tuesday he is stepping aside from the creator platform known for its adult content.

Driving the news: The platform has named Ami Gan, a former spokesperson for the company, as its new CEO. Stokely, who created OnlyFans in 2016, will become an adviser for the company, according to Bloomberg, which first reported the story.

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.
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