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I disagree; there's a lot of irrationality at the top when it comes to ads and porn. But some of that is fear of legislative reprisal from some of the more conservative governments.
There's definitely some nuance, and I'm very much not saying that corporations are always perfectly rational or anything. I know payment processors on particular are pretty sensitive to NSFW business out of fear of legal risk for processing child porn.
But I also wouldn't say it's completely detached from actual consumer preferences either. These things are usually multi-faceted.