HBAR Foundation joins OnlyFans founder startup to bid on TikTok

Zoop, the societal app created by OnlyFans laminitis Tim Stokely, and the HBAR Foundation person reportedly submitted a bid to acquisition the video-sharing app TikTok successful the United States.

According to an April 2 Reuters report, the HBAR Foundation and Zoop filed an intent to bid connected TikTok with the Trump medication the erstwhile week. The bid volition travel others from large exertion companies, including Amazon, Oracle, Microsoft, and Rumble, successful an effort to support the video-sharing app’s services live for US users.

“Our bid for TikTok isn’t conscionable astir changing ownership, it’s astir creating a caller paradigm wherever some creators and their communities payment straight from the worth they generate,” Zoop co-founder RJ Phillips reportedly said.

In 2024, the US Congress passed, and erstwhile President Joe Biden signed a measure into instrumentality that could perchance prohibition TikTok if the firm’s operations weren’t separated from its Chinese genitor company, ByteDance. The archetypal deadline for the merchantability of the institution nether the instrumentality was Jan. 19. After assuming office, President Donald Trump signed a 75-day hold for enforcement, pushing the imaginable TikTok merchantability until April 5.

Cointelegraph reached retired to the HBAR Foundation and Zoop but did not person a effect astatine the clip of publication.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.