Tim Stokely, founder of adult content platform Only fansthe 11th hour proposal has been submitted to purchase Tiktok’s U.S. business from its Chinese owners.
“Bid Intent” is Zoop– A social media startup co-founded with RJ Phillips, which has a background influencing marketing strategies and cryptocurrency companies HBAR Foundation. For Zoop, the bidding “represents David’s giant moment against traditional social media giants, through the recognition of the creator-first revolution,” a statement shared by the company with Wired said. They say they want to return the power to the creators through better revenue sharing.
The wildness is opposite to the clock. Tiktok will ban it in the United States if the company does not agree to the U.S. buyer proposal before April 5 law The reason this came into effect in January is national security issues.
Phillips told Wiried that he declined to comment further on details of the email bid. “Our external council has found the right people and we can have a conversation with us and that’s what we do.” Stockley did not respond to a request for comment.
President Donald Trump was scheduled to consider multiple offers Wednesday at a closed-door Oval Office meeting with Vice President JD Vance and U.S. Commerce Secretary Howard Lutnick, who led the sale. His plan to keep Tiktok in the U.S. running will be announced later in the day, according to reports According to information.
The U.S. government’s concerns about Tiktok are allegedly due to concerns that the Chinese government will access American data. However, working with HBAR may benefit Zoop’s support. The company’s statement said HBAR operates the HEDERA network, a “secure, transparent and enterprise-level public ledger” based in the U.S. blockchain technology.
Stokely and Phillips are perhaps the most surprising suitors to control popular video apps.
Phillips told Wired that we wanted to restructure the industry in a way we thought it was fair, and we have been studying social activities. We hope to restructure the industry. “Creators bring their eyeballs to the page, so they should be the people who share in Lionshare for advertising revenue. Users associated with that content should also benefit.”
Amazon also proposed the last minute of buying Tiktok this week, joining four other groups that the White House is considering selling Tiktok’s U.S. business. Reuters. according to New York TimesAmazon bids are not taken seriously. According to Time, one of the other possible deals includes attracting a group of investors including Larry Ellison’s Oracle and private equity firm Blackstone.
The U.S. investment team may also buy Tiktok, while BONTEDACE retains ownership of the Tiktok algorithm and leases it to potential buyers. China has no indication that it is willing to sell the app’s algorithm and export the type of technology Signature will be required As part of many restrictions introduced in 2020.
Phillips said they invest in platforms that really prioritize creators.
“The technology platform for a business like this should be just a facilitator for creators. Creators have enough time to stabilize their income,” he said. “For us, it always focuses on creators first, not shareholders first.”
We will soon know if the Trump administration is aligned with that vision.
