news 
OnlyFans Founder and HBAR Foundation Submit Late Bid for TikTok
A new contender has entered the fray as OnlyFans founder Tim Stokely and the HBAR Foundation have reportedly submitted a late bid to acquire TikTok’s US operations. This move comes as the April 5 deadline for the platform’s sale or ban approaches under a US national security law.
The bid, submitted this week, marks yet another addition to the growing list of potential buyers vying for control of the popular video-sharing app. Amazon has also reportedly placed a last-minute offer, although sources claim it is not being taken seriously by the White House.
Other notable bidders include Microsoft, Walmart, and Oracle, while previous rumors suggesting Elon Musk’s involvement were dismissed as “pure fiction” in January.
The HBAR Foundation, which manages the treasury of Hedera blockchain, a US-based cryptocurrency network, has expressed interest in the platform. This move is seen by many as an effort to address potential security concerns, given the company’s emphasis on transparency and enterprise-grade public ledger.
Zoop, Stokely’s new venture, emphasizes a creator-first approach, promising to give back the majority of revenue generated by the platform to its content creators. This strategy may resonate with TikTok’s 170 million American users, who have come to rely on the platform as an avenue for building audiences and generating income.
President Trump has been in close contact with multiple groups regarding a potential TikTok deal, hinting that he could extend the deadline further if necessary. One possible arrangement could involve American investors purchasing TikTok while ByteDance retains ownership of the algorithm and leases it to the buyer. However, China’s government would require approval for this, given restrictions introduced in 2020.
As the clock ticks down on the April 5 deadline, it remains unclear what the Trump administration will decide regarding TikTok’s fate. Whatever the outcome, it is expected to have a significant impact on the future of one of America’s most popular social media platforms and its massive user base.
In related news, Trump Media Stock Falls After SEC Filing for Potential Share Sale and Trump Brothers and Hut 8 Launch American Bitcoin Mining Venture with Plans to Go Public.
Source: https://blockonomi.com/onlyfans-founder-and-hbar-foundation-submit-late-bid-for-tiktok/
