Axios

Despite looking into raising outside capital and going public a couple of years ago, neither of those things are "on the roadmap right now," for adult content platform OnlyFans.

Why it matters: Keily Blair, who took over as CEO of OnlyFans in July, delivered that message on Thursday to Axios BFD. The company's business saw exponential growth during the pandemic, and it hasn't slowed down since then.

MetaMask is no longer available the Apple App Store, though the disappearance may only be temporary.

Why it matters: Metamask is the best known crypto wallet, designed primarily for the Ethereum blockchain but also serving many others.

The world's banks earned $1.3 trillion in 2022, in "the best period for global banking overall since at least 2007," per a new report from McKinsey. The estimate for 2023 profits, at $1.4 trillion, is even higher.

Why it matters: The past two years' headlines have been filled with bad news for banks. But the industry as a whole looks astonishingly healthy. Which, if nothing else, is a good reminder to always look past the headlines.

At Axios' BFD event on Thursday, Inflection AI co-founder and CEO Mustafa Suleyman and co-founder Reid Hoffman leaned into the hype surrounding artificial intelligence.

• "We want to build a multi $100 billion business...Hopefully one day we'll IPO," Suleyman said.

Why it matters: Companies at the forefront of developing large language models have been experimenting with the structures of their corporate entities and cap tables.

Remember the hype about luxury pre-owned watches as an asset class? Turns out, they couldn't survive a rate-hike cycle.

What's happening: Since March 2022, the WatchCharts Overall Market Index has fallen more than 35%.

The Federal Deposit Insurance Corporation (FDIC) launched an advertising and social-media campaign this week with the tagline "Know your risk. Protect your money."

Why it matters: The campaign is targeted at the general public, and specifically at "people who may have lower confidence in the U.S. banking system or who are unbanked."

If you still play your favorite films and TV series on DVD, you'll soon have one fewer place to shop.

Driving the news: Beginning in 2024, Best Buy will stop selling DVDs and Blu-ray discs in-store and online — marking a major shift for the electronics company as streaming platforms continue to dominate the arena.