Tim Stokely, founder of OnlyFans, has submitted a proposal through his startup Zoop to acquire TikTok's US operations from ByteDance amid national security concerns. This bid is framed as a David vs. Goliath moment, focusing on creator empowerment through improved revenue sharing. As the deadline approaches for TikTok's US operations amid government scrutiny over data privacy, the proposal, which may leverage technology from Hbar, seeks to present a viable alternative to traditional social media structures dominated by larger companies.
Stokely's bid for TikTok's US operations through Zoop symbolizes a creator-first approach in social media, directly challenging traditional giants.
The creators behind Zoop assert that their bid against TikTok's parent company emphasizes a significant shift towards better revenue sharing for content creators.
The US government's insistence on a TikTok sale is fueled by national security concerns related to data access by the Chinese government.
Zoop's partnership with Hbar could strengthen their bid, leveraging secure blockchain technology to address the US government's worries over data privacy.
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