OnlyFans in Talks for Sale at $8 Billion Valuation, Reuters Says
A Los Angeles investment firm is in discussions to buy out OnlyFans Ltd. in a deal that values the site at $8 billion, Reuters reported.
OnlyFans, which soared in popularity during global Covid lockdowns, has been in talks since at least March with Forest Road Company about a transaction with unknown terms, Reuters said, citing anonymous sources. The company may be engaging with other suitors as well, the news service reported.
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Business Insider
7 minutes ago
- Business Insider
A YouTuber created a $75 grill scrubber to experience the challenges of making stuff in the US — and it sold out
A really nice grill brush will cost you about $25 at your local big box store, but YouTuber Dustin Sandlin is betting he can get customers to shell out three times that amount for a Made-in-America version. Sandlin traces his passion for US manufacturing to the COVID-19 pandemic in 2020, when he was bothered by the lack of American-made essential goods. "Everybody wanted N95 masks and face shields, and they couldn't get it," he said in a recent YouTube video. "This revealed to me how anemic our manufacturing capacity in America has become, because I was waiting on some billionaire to come save us, and it didn't happen." So began a yearslong deep dive into the challenges of making products in the US, which Sandlin documented for his series on YouTube called "Smarter Every Day." After working with John Youngblood, the owner of a local specialty grill accessories company, Sandlin got excited about the idea of developing a better scrubber. Sandlin and Youngblood wanted to produce it in the US with as many domestically sourced components as possible, and sell it at a retail price. In a video that went live Sunday and has since amassed more than 2 million views, Sandlin shares why he decided to get serious about US manufacturing, explains how he navigated the design process, and makes a sales pitch for viewers to buy it for themselves. On Tuesday, Youngblood told Business Insider the $75 scrubber has sold through its initial production run of several thousand units within a day, and his company is now taking pre-orders. "We're going to have a backlog for a while," Youngblood said. Most grill brushes are meant to be thrown away. This one isn't. Many lower-cost grill brushes aren't typically designed to last more than a year of use — grill-maker Weber recommends changing them after each grilling season. Another problem is that the bristles have been known to come off and can end up in grilled food. Sandlin and Youngblood found that welded chain mail — like the material of a medieval knight's armor — was highly effective at cleaning grill grates without breaking. There was one problem: "We could only find it in China." After a few tries, the team managed to find a US supplier who could make about 2,000 units a month and a supplier in India to augment the rest. Attaching the chain mail to a handle proved to be another adventure. Sandlin said the average one-inch industrial bolt costs around 9 cents when imported, but that jumps to 38 cents for versions made in the US. "Most machine shops I talked to directly, they said, 'Yeah, we can't even get the material for the price of the finished bolts that you're getting from a foreign supplier,'" Sandlin said. Then there was the process of making injection-molded parts to provide support and flexibility, which required machining custom tools and dies (the metal forms that shape a material) for shops to use in production. "This is the moment where this whole experiment came into focus for me," Sandlin said. "I realized at that moment we're screwed." American manufacturing has exported the smart part of making stuff The reason for Sandlin's pessimism is that many of the shops he spoke with send tool and die design files to China to be made and imported for use in US production lines. "I don't want my intellectual property in China, I want to make it here," he said. "And they said, 'Good luck.'" The problem illuminated by this episode goes far beyond a seemingly simple grilling accessory. "We're screwed as a nation if we can't do the intelligent work of tool and die: making the tools that make the things," Sandlin said. "We have flipped it. We are now to the point where the smart stuff is done somewhere else." Sandlin and Youngblood eventually found US suppliers for all of their custom components. They're working to get every piece sourced here. The video shows two instances where Sandlin was surprised by the apparent country of origin being different from what he says he was led to believe: The first batch of knobs arrived in packaging stating they were made in Costa Rica rather than the US. Several boxes of chain mail (ostensibly from India) had markings that suggested they were instead from China. "I'm shocked," Sandlin said. "It's pretty weird to set out to try to make a thing completely in America and to find out towards the end of the process that you made something in China anyways." Sandlin says he's not interested in having America be the dominant world player — he wants more opportunities for people here to have good jobs that allow them to take care of their communities. "If you are ever, ever in a position to make a decision about where your thing is manufactured, take a second and consider making a little less profit, maybe in order to invest in your local community," he said.
Yahoo
10 minutes ago
- Yahoo
2 Growth Stocks to Stash and 1 to Question
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold. Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market's punishment can be swift and severe when trajectories fall. Deciphering which businesses can sustain their high growth rates is a challenge for even the most seasoned professionals, which is why we started StockStory. On that note, here are two growth stocks expanding their competitive advantages and one climbing an uphill battle. One-Year Revenue Growth: +25.3% Founded in 2009 by enterprise software veteran Tom Seibel, (NYSE:AI) provides software that makes it easy for organizations to add artificial intelligence technology to their applications. Why Does AI Fall Short? 15.5% annual revenue growth over the last three years was slower than its software peers Extended payback periods on sales investments suggest the company's platform isn't resonating enough to drive efficient sales conversions Historical operating margin losses point to an inefficient cost structure stock price of $25.72 implies a valuation ratio of 7.4x forward price-to-sales. Dive into our free research report to see why there are better opportunities than AI. One-Year Revenue Growth: +32.3% Founded in 2014 and named after the dreaded first day of the work week, (NASDAQ:MNDY) is a software-as-a-service platform that helps organizations plan and track work efficiently. Why Is MNDY a Good Business? ARR trends over the last year show it's maintaining a steady flow of long-term contracts that contribute positively to its revenue predictability Software is difficult to replicate at scale and results in a best-in-class gross margin of 89.5% Strong free cash flow margin of 30.4% enables it to reinvest or return capital consistently is trading at $305 per share, or 12.7x forward price-to-sales. Is now a good time to buy? Find out in our full research report, it's free. One-Year Revenue Growth: +20% Founded in 2010 and named for a combination of 'docs' and 'proximity', Doximity (NYSE: DOCS) is the leading social network for U.S. medical professionals. Why Should DOCS Be on Your Watchlist? Billings have averaged 23.5% growth over the last year, showing it's securing new contracts that could potentially increase in value over time Well-designed software integrates seamlessly with other workflows, enabling swift payback periods on marketing expenses and customer growth at scale DOCS is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders At $58.44 per share, Doximity trades at 19x forward price-to-sales. Is now the right time to buy? See for yourself in our comprehensive research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free.
Bloomberg
15 minutes ago
- Bloomberg
Musk's Banker Michael Grimes Sells SpaceX, Anduril for Trump Job
Michael Grimes, the veteran technology investment banker who helped Elon Musk buy Twitter in 2022, reported assets worth as much as $98 million in a financial disclosure as part of his new role at the Commerce Department. Grimes reported nearly $67 million of income, stock and accrued vacation payout from Morgan Stanley, where he worked for roughly 30 years as a managing director and a co-head of global technology investment banking. That total includes the $56 million he realized from selling restricted stock units that vested after he left in February. Grimes no longer owns shares in the company, according to his disclosure.
