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If new boss Amrapali Gan’s remit includes building relationships with external brands, it will be a struggle
Tim Stokely will be replaced by company’s spokesperson Amrapali Gan
Porn is a kind of paradigm for broader changes for publishers and musical labels
Working with the porn industry can pose legal as well as reputational risks
Tougher rules from the likes of Mastercard are being applied unevenly
President Recep Tayyip Erdogan said in a speech that Turkey has no obligation to be ‘Europe’s refugee warehouse’
Without porn, the platform would no longer stand out and its business model would unravel
UK-based platform has ‘secured assurances’ from banks initially resistant to explicit content
Plus, the big Wall Street group you’ve probably never heard of and the niche social media company turning down Silicon Valley takeovers left and right
Tim Stokely says Bank of New York Mellon ‘flagged and rejected’ all interbank wires linked to website
UK-based social media site made name on explicit content but is making risky pivot
Sudden strategy shift comes as social platform known for adult material struggles to attract partners
Platform best-known for explicit content has increased its user numbers to more than 120m during pandemic
Tim Stokely looks beyond adult content as rocketing subscriptions spur expectations for soaring profits
Profits surge at subscription platform known for sexual content as it branches into TV
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