Tim Stokely, founder of OnlyFans, has initiated a bid to purchase TikTok’s US operations from its parent company, ByteDance, in collaboration with his startup Zoop and The Hbar Foundation. This unexpected bid is part of a larger bidding war due to a looming April 5 deadline imposed by new US legislation demanding TikTok's sale for national security reasons. Stokely's team aims to disrupt the social media landscape by prioritizing creator revenue models. The White House is overseeing negotiations, with other tech giants like Amazon and investors led by Larry Ellison also vying for TikTok.