Kink.com owner Peter Acworth
By Steven T. Jones
The San Francisco Chronicle today reports (way back on its Business page) on how the recession/depression and free Internet porn sites (which often steal content from paid sites) are hurting the porn industry, which will in turn hurt San Francisco’s economy.
Among the revelations is that homegrown success story Kink.com last month laid off 13 employees and scuttled plans for some new sites after a major expansion at its San Francisco Armory headquarters just last year.
Just like the newspaper and music businesses, the porn industry will need to find ways to continue to monetize its content. Maybe the bankers aren’t the only industry that could use a government fluffer these days.