Friday, April 02, 2021

Taking the Filth Factory public

Or at least they're going to try. Patreon's lawyers are now running around making ludicrous threats about how they are going to overturn California's consumer protection laws, Patreon's own Terms of Use, and the JAMS arbitration rules by shrieking very loudly about how unfair it is for Patreon's users to make it live up to the terms of its own contract. It's a bold move, Cotton, and it's obviously inspired by Patreon's hope to go public before the markets crash.

When is the Patreon IPO date?

The official date for the Patreon IPO has yet to be announced, but it will become public information once Patreon publicizes their paperwork with the Securities Exchange Commission (SEC). As of February, they maintained a confidential filing to keep investors out of the loop for as long as possible. While it sounds malicious, it’s quite common—particularly during an era of extreme unpredictability in the market and economy alike. 

What investors need to know ahead of the Patreon IPO 

Regardless of what method the company uses to get to market, investors ought to act with caution and ensure they do adequate research before putting money into any company or security. This is called doing your due diligence, and it is truly up to every individual investor to do so.

While a direct listing may seem “easier” to access for retail investors when compared to a traditional IPO, that doesn’t mean that it makes it a guaranteed better investment than other companies.

In regards to Patreon, the platform has seen extensive growth over the past years, and has brought on plenty of new talent to the platform as well. Their loyalty lies with the content creators that call Patreon home, as evidenced by their recent hire of Joe Budden as head of creator equity. In this role, Budden will act as a liaison of sorts between the platform and creators. It shows that Patreon is committed to a just corporate structure that benefits their creators rather than solely uplifting the executive chairs.

You might be wondering what the difference between Patreon and a GoFundMe-type platform is. Honestly, it’s a valid question whether or not you’re an investor. 

Patreon’s market niche lies within their offering of month-to-month subscription services, much like a cable television subscription or other monthly subscription boxes that have gained in popularity as of late. Whereas a GoFundMe centers largely around a one-time donation, Patreon gives fans the opportunity to receive exclusive content for a monthly premium. Exclusive, a word that is usually just for show, holds substantial value on Patreon. 

Creators post content that their fans won’t be able to find anywhere else, things like exclusive podcast episodes, tutorials, or access to merchandise. This adds another layer to Patreon’s appeal for both creators and fans alike. 

Investors would have to be totally crazy to buy into Patreon's IPO, especially at the obvious peak of the financial bubble. A lot of that "content that their fans won't be able to find anywhere else" is adult content that very often crosses the line into illegal content. As of March 31, 24 percent of Patreon's revenue is derived from NSFW content, more than half of which is NSFW games, comics, and animation. These NSFW games are some of Patreon's top creators, bringing in as much as $98,500 in monthly revenue while blatantly violating the fake "zero tolerance" policy that supposedly bans "rape, incest, and bestiality". 

8797 Adult Drawing

8381 Adult Cosplay

6821 Adult Other

5130 Adult Comics

4164 Adult Games

3329 Adult Writing

2507 Adult Photography

1810 Adult Animation

1618 Adult Podcasts

_805 Adult Music

_224 Adult Dance & Theater

__99 Adult Magazine

__76 Adult Crafts

Patreon would be a horrible investment, because as soon as the big payment processors take 10 seconds to look at how Patreon put on their little "oh, we're totally cleaning things up now, yessiree" performance, they'll see right through the charade. At the end of 2017, when the crackdown supposedly took place, Patreon had under 20,000 NSFW creators bringing in an estimated $2.5 million in monthly revenue. At the end of March 31, 2021, Patreon had 43,761 NSFW creators bringing in an estimated $6 million in revenue. Some crackdown.

In other words, a not-inconsiderable portion of the exclusive content they are advertising can't be found anywhere else can't be found anywhere else because it is illegal. And the very worst stuff is what brings in the most money. Innocuous-sounding "games" like "Summertime Saga" and "Wild Life" go well beyond what you likely imagine NSFW game content to be, while other more openly dire creations are even worse than they sound. We're not talking about Grand Theft Auto or Doom here, and despite being less than one-tenth of the NSFW creators, these obscene so-called games bring in about one-third of the aforementioned $6 million every month for the Filth Factory.

In addition to attempting to keep the full extent of their NSFW content under wraps, the reason Patreon is attempting to keep investors out of the loop is because the Filth Factory doesn't want to let them know how much investor money has been blown on totally unnecessary litigation expenses, which based on the lawyer's rants could already be rapidly approaching their entire annual net revenue for 2020. Now, imagine what would have happened if Sargon and all the others who were deplatformed had decided to stand up for their rights for once rather than whining and crying on the sympathy circuit.

Patreon wrongly thought that the Bears were afraid of court and tried to use it to get them out of arbitration. Now they're doing precisely the opposite by trying to keep the Bears in arbitration, out of court, and off the public record. If you think about it, it shouldn't be too hard to figure out their motivation.

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Blogger jmg April 02, 2021 9:04 AM  

meaning of nsfw ?

Blogger D E K April 02, 2021 9:05 AM  

After reading this I hope they will get their IPO. Vox does not give financial advice, but these are great thoughts which I would like to bet on.

Blogger Storm Rhode April 02, 2021 9:49 AM  

Maybe the legalizing of nsfw stuff is in the cards. With cryptocurrency on horizon for replacing the dollar they're going to have to allow for vice payments for stuff like coke and hookers. Money in taxation and all that. Also, they like people enslaved to vice.

Blogger tuberman April 02, 2021 9:51 AM  

Take out the word "Adult" in each category and replace with the word "Perverted." With the especially for the LGBTTQQIAAP communities added.

We know the Big Audience for this crap, and the main (((promoters))).

Blogger Storm Rhode April 02, 2021 9:51 AM  

There doesn't seem to be an organized opforce to the left except for the weeping cucks.

Blogger GregMan April 02, 2021 9:52 AM  

"Adult Crafts"? WTF? Somebody making macramé v-jay-jays?

Blogger Shane Bradman April 02, 2021 10:06 AM  

Patreon hosts content that is considered child pornography in many states and countries. How they haven't been shut down yet is a mystery.

Blogger Redbeard April 02, 2021 10:20 AM  

Joe Budden is a suspicious name... maybe he's a creep too. Nah can't be any relation to the cadaver in chief.

Blogger M.S. April 02, 2021 10:20 AM  

Is there a more Christian-friendly/non-converged alternative to Patreon?

Blogger tMmM! April 02, 2021 10:22 AM  

Well, hopefully the Bears can kill it on the vine, before it has the opportunity to go public and get saving funding that way.

Blogger Crew April 02, 2021 10:24 AM  

Patreon probably wants to keep their filing under wraps for as long as possible to stop people finding out how much arbitration is going to cost them.

Blogger basementhomebrewer April 02, 2021 10:29 AM  

When it turns out that the peanut butter desperately wants to be your friend and is willing to forge documents for you, then of course you want them to decide any disputes you have with others.

It appears they are now in a race to go public and cash out before the legal mess they have created falls on their heads. I wonder how over the top their hype campaign going into the IPO will be. The big question is what investment bank is partnering with them to do the sale and what is their appetite for risk right now?

Blogger Fencing Bear April 02, 2021 10:57 AM  

“Adult” content. *cough*

Blogger Derangement Syndrome April 02, 2021 11:21 AM  

"Porntreon" You will never find a more wretched hive of scum and villainy.

Blogger peacefulposter April 02, 2021 1:32 PM  

Shhh...let them do an IPO at a juicy price that is ripe for shorting.

Blogger Kraemer April 02, 2021 2:17 PM  

Not Safe For Work. Usually swearing or degeneracy or both

Blogger The Overgrown Hobbit April 02, 2021 2:17 PM  

@6 Adult Crafts"? WTF? Somebody making macramé v-jay-jays?

Yes. Yes, they are. From whack feminists who are a leeeeetle too keen on playing with their menstrual fluids, to innocent fan girls who thing making Wonder woman Uterus stuffed pillows (Safe search: wonder woman uterus craft)...

Yeah. And that's the public stuff. Satan alone knows what is going on behind closed doors.

Blogger Kraemer April 02, 2021 2:17 PM  

6 mil in revenue does seem a little high

Blogger Gianna April 02, 2021 2:21 PM  

Putreon and their perverted porn peddlers should be forced to have FCC ratings, not that they mean much but it might wake some normies up.

Blogger Dan in Georgia April 02, 2021 2:23 PM  

This could be a bigger IPO disaster than Lyft and then Uber. Both ended the day lower than the open. I'm sure Pedotreon will beat that record.

Blogger Dan in Georgia April 02, 2021 2:24 PM  

@1 jmg
not safe for work

Blogger wahr01 April 02, 2021 4:51 PM  

Dan in Georgia wrote:This could be a bigger IPO disaster than Lyft and then Uber. Both ended the day lower than the open. I'm sure Pedotreon will beat that record.

Since 2010 most IPO's have been nothing more than money laundering for chinese communist funds, much like 'book deals' are for DNC funds (which are themselves laundered chinese communist funds).

Anyone with any concept of real value has spent the past decade being gaslight by IPO's like twitter and the fact it's not a penny stock right now.

All it would take is one motivated financial auditor with federal subpoena power to uncover trillions in printed Chinese cash, but the last people who would be willing to do that, even if allowed, went into mandatory retirement between 2005 and 2010

Blogger Pathfinderlight April 02, 2021 5:59 PM  

In Eastern Europe, Patreon is assumed to be for pornography and such. Regular (Safe For Work) creators do use the platform, but their paywall stuff on Patreon still has bit of a stigma.

Blogger Bigger Bunyip April 02, 2021 6:14 PM  

Patreon ticket taker extraordinaire looks to fail its way to success

Blogger Bezzle April 02, 2021 8:20 PM  

I could easily be convinced that nobody anywhere pays for porn, at least not in the last ten years, and that 100% of it consists of Cabal money-laundering.

Blogger weka April 02, 2021 10:48 PM  

@M.S. Yes it is called donating to ministries and your church. All churches should support worthy local services and have a missions section. Those donations are in most places also tax deductible.

Patreon exists to support the debased, which no one wants others to know about.

Blogger Canadian Warlord April 02, 2021 11:45 PM  

What's so expensive about their business model? How far are we exactly down the gravy train hole with internet services in general, when it's eventually going to be cheaper to have physical locations such as Western Union? Do single transactions over 'phone' on a private satellite network. Both parties need to be at the desk at the same time, cash is taken or dispensed, parties have (almost) video live of each other. Maybe shortwave old-school link? Ignore all wire services, just internal communication - no internet at all.

Blogger John Rockwell April 03, 2021 12:46 AM  

"Adult" content erodes the prefrontal cortex of its addicts. Making them more Juvenile.

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