Overview

• Zoop, co-founded by OnlyFans founder Tim Stokely, and the HBAR Foundation have submitted a late-stage bid to acquire TikTok's U.S. operations.
• The bid emphasizes a decentralized model that prioritizes equitable revenue sharing for creators and users, contrasting with traditional social media platforms.
• Amazon has also entered the competition with a last-minute bid, joining other major players like Microsoft, Oracle, and private equity firms.
• The U.S. government cites national security concerns over ByteDance’s Chinese ownership of TikTok, with an April 5 deadline set for divestment or a potential ban.
• President Trump and Vice President J.D. Vance are reviewing proposals as ByteDance denies allegations of Chinese government influence over the app.