The Founder of OnlyFans Wants to Buy TikTok
Tim Stokely, the founder of OnlyFans, has partnered with a crypto company to make a timely bid for TikTok’s US operations amid impending legislative pressure on its Chinese parent company, ByteDance. As TikTok is facing the potential of being banned in the US, Stokely aims to advocate for a creator-first revenue model through his new social media venture, Zoop.
Key Points
- Tim Stokely’s Zoop, along with The Hbar Foundation, has submitted a bid to acquire TikTok’s US operations.
- If not agreed upon by April 5, TikTok will face a ban in the US due to national security laws.
- The bid signifies a move towards a creator-first model, aiming for better revenue sharing with content creators.
- Amazon has also made a last-minute bid, but it’s reportedly not being taken seriously by officials.
- The partnership with Hbar may provide technological advantages due to its secure blockchain capabilities.
Why should I read this?
This article reveals the dynamic competition unfolding in the social media landscape, with significant implications for content creators and the broader tech industry. Stokely’s bid positions him as a potential disruptor in the social media space at a time when data privacy and creator compensation are hot topics, making it a relevant read for anyone interested in the future of digital platforms.
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