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OnlyFans founder joins bid for TikTok’s US operations

Tim Stokely, the founder of OnlyFans, has partnered with social media startup Zoop and cryptocurrency organization The Hbar Foundation to bid for TikTok’s US operations.

This comes as TikTok faces an Apr. 5, deadline to sell or risk a ban.

Zoop, co-founded by Stokely and CEO RJ Phillips, announced the bid, with Phillips stating that the sale process is overseen by the White House, not ByteDance.

Other potential buyers include Amazon, which reportedly submitted a last-minute bid, and a consortium of Oracle and Blackstone.

Another proposal suggests ByteDance retaining TikTok’s algorithm and licensing it to a US buyer, but this would require approval from the Chinese government.

Recent OnlyFans developments

Timeline
28-Mar-2025 🔍 UK regulator fines OnlyFans $1.4m for age verification failures
  • Ofcom fines OnlyFans £1.05 million for age checks
  • Company misreported age threshold, corrected to 21
07-Dec-2024 🇨🇳 OnlyFans unblocked in China after long-standing ban
  • OnlyFans now accessible in China after being blocked.
  • Access confirmed on November 29 by GreatFire.org.
13-Dec-2023 📉 Legal woes, police reports trail woman linked to ex-Foodpanda CEO’s exit
  • Foodpanda CEO Angele resigns amid controversy.
  • Rankine faces multiple allegations of fraud and harassment.
25-Apr-2022 🚀 After IreneDAO: a world made for superfans
  • IreneDAO NFTs generated over $5 million since launch
  • So-Col aims to reshape creator monetization with SocialFi

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