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Fortune

Stuart Dyos

OnlyFans founder and a crypto foundation submit a last ditch effort to buy TikTok in a ‘David vs. Goliath’ attempt

Goliath TikTok OnlyFans Tim Stokely Donald Trump ByteDance Wired

The OnlyFans logo on a MacBook (Credit: oan Cros—NurPhoto/Getty Images)

Tim Stokely, the founder of the adult content social-media platform OnlyFans, and the crypto-focused Hbar Foundation submitted an eleventh-hour bid to purchase TikTok this week. The intent to bid was made by Zoop, a social-media app Stokley co-founded with entrepreneur RJ Phillips. Zoop wants to buy the short-form video platform to democratize revenue streams for its creators and users, according to Phillips.

Tim Stokely, the founder of the adult content social-media platform OnlyFans, and the cryptocurrency-focused Hbar Foundation submitted a last-second bid this week to buy TikTok from Chinese owner ByteDance, Reuters reported Thursday.

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