www.lesswrong.com/posts/XTHa5C6SgGKYopH7o/who-got-breasts-first-and-how-we-got-t...
1 correction found
OnlyFans has a $3 billion market cap.
OnlyFans does not have a public market capitalization, because its parent company is privately held. Reporting around the company discusses private-sale valuations, not market cap.
Full reasoning
This sentence mixes up market capitalization with private-company valuation.
A company's market cap is the value of its publicly traded shares on a stock exchange. But OnlyFans' parent, Fenix International Limited, is listed by the UK government as a "Private limited Company", so it does not have a public market capitalization.
When major news outlets discuss multi-billion-dollar figures for OnlyFans, they describe them as a valuation in potential sale talks, not a market cap. Reuters reported that Fenix International was in talks to sell at a valuation of around $8 billion.
So the claim is incorrect on its face: OnlyFans is private, and therefore it does not have a $3 billion market cap.
2 sources
- FENIX INTERNATIONAL LIMITED overview - Find and update company information - GOV.UK
Company Overview for FENIX INTERNATIONAL LIMITED (10354575) ... Company type Private limited Company
- OnlyFans owner in talks to sell to investor group at about $8 billion value, sources say - TradingView News
OnlyFans owner Fenix International Ltd is in talks to sell the porn-driven company to an investor group at a valuation of around $8 billion, three sources familiar with the matter told Reuters.