The Founder of OnlyFans Wants to Buy TikTok

Tim Stokely partnered with a crypto company to bid for TikTok as the social media company faces a deadline to either sell or be banned in the US. Amazon also placed a last minute bid.

Tim Stokely, founder of the adult content platform OnlyFans, has submitted an eleventh-hour proposal to buy TikTok’s US operations from its Chinese owner ByteDance.

The “intent to bid” was made by Zoop—a social media startup Stokely cofounded with RJ Phillips, who has a background in influencer marketing strategy—and cryptocurrency company The Hbar Foundation. For Zoop, the bid “represents a David vs. Goliath moment against traditional social media giants by endorsing a creator-first revolution,” according to a statement the company shared with WIRED. They said they want to put power back in the hands of creators through better revenue sharing.

ByteDance is up against the clock. If the ...