OnlyFans Founder Aims to Acquire TikTok in High-Stakes Bid

OnlyFans Founder Aims to Acquire TikTok in High-Stakes Bid
Tim Stokely, founder of OnlyFans, has placed a bid to acquire TikTok's US operations from ByteDance, amid a looming April 5 deadline due to national security concerns. Partnering with his startup Zoop and The Hbar Foundation, Stokely seeks to revolutionize social media with creator-centric revenue models. The bidding war has intensified, with tech giants like Amazon and Oracle's Larry Ellison also in the mix. Uniquely, the White House is orchestrating the sale, signaling its significance. This unexpected competition could disrupt the social media landscape dramatically.