This Week in Startups Twitter's failed OnlyFans-like product, OpenSea trading volume drops 99%, major FTC lawsuit | E1548
Aug 31, 2022
Dive into the wild world of Twitter's failed adult content venture, where moderating chaos met missed monetization opportunities. Discover the staggering 99% plummet in OpenSea's NFT trading volume and the challenges faced by crypto investors. Plus, a groundbreaking FTC lawsuit tackles the misuse of sensitive geolocation data, raising crucial questions about privacy in the digital age. Join the insightful discussion on these hot topics shaping the startup landscape!
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Twitter's Canceled OnlyFans Competitor
- Twitter considered an OnlyFans competitor for adult content monetization.
- The project was canceled due to Twitter's inability to effectively moderate harmful content, especially child sexual abuse material, as revealed by their "red team."
UGC and Adult Content Challenges
- User-generated content platforms struggle with adult content due to exploitation risks and the limitations of after-the-fact moderation.
- Unlike copyright issues, harmful content requires stricter preventative measures.
Advertising and Adult Content Conflict
- Twitter's advertising-based model clashes with adult content; brands avoid association with such material.
- The platform's inability to control explicit content leakage into trending topics further complicates this issue.