OnlyFans Founder Submits Late-Stage Bid to Acquire TikTok in Partnership with Crypto Foundation

Zoop and the Hbar Foundation seek to reshape the future of social media with a creator-first model. In a surprising turn of events, Tim Stokely, the billionaire founder of OnlyFans, has submitted a late-stage bid to acquire TikTok, the short-form video app currently owned by Chinese tech giant ByteDance. Stokely’s new venture, Zoop, has partnered with the Hbar Foundation, which manages the Hedera cryptocurrency network’s treasury, to put forth a competitive proposal. The bid, sent to the White House earlier this week, aims to offer an alternative vision for TikTok’s future—one that prioritizes creators and their communities. A Paradigm Shift … Continue reading OnlyFans Founder Submits Late-Stage Bid to Acquire TikTok in Partnership with Crypto Foundation