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Tumblr is reportedly on life support as its latest owner reassigns staff
(arstechnica.com)
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this post was submitted on 09 Nov 2023
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I almost wonder it was a guerilla marketing success story in terms of that whole debacle. Like i don't think they were hit with anything but derision and snark.
My guess (and I think I read other people guessing this) was that the banks were pushing them to ban porn, and by announcing it the way they did, they were able to get cancellations data proving that they would die, so if the banks wanted any money from them at all in the future they had to back off, and did.
If it was marketing, then it probably backfired enormously - OF barely had competition that I heard of before then, but certainly did immediately after the announcement.
Why would banks care about porn? All they should care about is making money. They're literal banks afterall.
It seems that way to us on the face of it but the lines that've been trotted out are firstly the worry that money is coming from an illegal source whether underaged or trafficked and secondly that money laundering could be happening, OF would be/is an extremely easy way to clean dirty money.
They used to have to set up actual businesses that did actual work in case a genuine customer appeared, now they can buy feet pics and jars of farts or whatever.
Hmm I don't think that's it. They can still publish bullshit content and launder money that way. Also, jars of farts aren't porn and presumably still allowed
Tough to sell any old jar of farts without somebody wanting it for some reason (like having already seen pics of your butthole and becoming a perverted fan of everything your butthole ejects).