Tim Stokely, the founder and CEO of OnlyFans, is retiring, according to Bloomberg. Ami Gan, the firm’s former head of communications and marketing, will succeed him. This followed a difficult year for OnlyFans, during which the company announced it would ban sex workers who use its platform after receiving significant criticism.
It’s not unusual to choose a spokesperson as CEO of a firm, according to reports. However, this was apparently Stokely’s own decision, per reports.
“We’ve worked side-by-side sharing our passion about the creator economy,” Gan, the new CEO, said. “Our priority is to continue being committed to being the safest social media platform in the world.”
As a result, Stokely announced that she will invest in OFTV, the company’s safe-for-work streaming platform, and create new tools for creators. While Stokely’s professional background is in online pornography, Gan has worked for companies including Red Bull, Quest Nutrition, and a marijuana café.
OnlyFans has been in operation for a few years, and it’s free to join. The platform is known as OnlyFans if this change in leadership will have an impact on sex workers and we’re waiting for a response. OnlyFans thrives thanks to its NSFW creators, and the business was expected to do $2.5 billion in sales this year, up from $1.2 billion last year (OnlyFans takes 20% of creator revenue).
However, OnlyFans dropped a bombshell that would jeopardize the livelihoods of the sex workers who made the app a billion-dollar success: onlyfans was going to ban NSFW material. Following a quick backlash, OnlySports reversed its decision, claiming that banking issues had been resolved.
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