A startup founded by Tim Stokely, the creator of OnlyFans, is making headlines with a last-minute bid to buy TikTok from its parent company, ByteDance. The new venture, called Zoop, partnered with the Hbar Foundation to submit their proposal to the White House. Unlike OnlyFans, Zoop aims to be a family-friendly platform that shares most of its earnings with content creators. Co-founder RJ Phillips highlights that the bid is about establishing a system where both creators and their audience can benefit. The future of TikTok is uncertain, especially as a significant offer from Amazon has also emerged, and concerns about national security loom large. The deadline for ByteDance to sell TikTok’s U.S. operations is approaching.
A New Bid for TikTok: Tim Stokely and Hbar Foundation Seize the Opportunity
Tim Stokely, the founder of OnlyFans, is making headlines by attempting to buy TikTok, the popular short-video platform. His new venture, Zoop, has partnered with the Hbar Foundation to submit a last-minute bid for TikTok, currently owned by the Chinese company, ByteDance. This bold move comes amidst rising concerns about TikTok’s ownership and its implications for U.S. security, with a deadline looming for ByteDance to sell TikTok’s U.S. operations or face a ban.
Zoop’s Unique Approach to Content Creation
Unlike OnlyFans, which is known for adult content, Zoop aims to be family-friendly. It plans to redistribute most of its revenue to its content creators, encouraging them to engage more with their audiences. Stokely’s co-founder, RJ Phillips, highlighted that their vision is to create a new system where both creators and their communities benefit from the content produced. This approach may attract more users looking for a balanced platform.
High-Stakes Competition
Interestingly, Zoop’s bid isn’t the only one amid this acquisition frenzy. Notably, Amazon has also made a last-minute bid for TikTok, raising the stakes in this already intense competition. With U.S. officials concerned about potential influences from the Chinese government, the future of TikTok hangs in the balance.
What Lies Ahead?
As of now, President Trump is expected to review proposals regarding TikTok’s future after concerns were raised about its ties to China. TikTok, which has approximately 170 million users in the U.S., faces a tight deadline of April 5 to resolve this situation.
The coming days will be critical for both potential buyers, Zoop and Amazon, as the White House actively oversees the bidding process. Only time will tell who succeeds in this high-stakes acquisition game.
Stay tuned as this story develops and see how the acquisition of TikTok unfolds, affecting millions of users and content creators alike.
Source: Reuters
What is the recent news about the OnlyFans founder and TikTok?
The founder of OnlyFans is joining the bidding war to buy TikTok. This news has caught a lot of attention as both platforms focus on content creation.
Why is the OnlyFans founder interested in TikTok?
The OnlyFans founder sees potential in TikTok’s large user base and wants to explore how both platforms can work together or grow.
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If the OnlyFans founder succeeds, TikTok users might see new features or changes aimed at enhancing content sharing and monetization options.
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Is this bidding war likely to succeed?
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