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Tim Stokely, founder of Adult Content Platform Nurfanshas submitted a proposal for the eleventh hour to buy U.S. US operations from his Chinese owner of bytedance.
The “intention to offer” was made by made by Zoop-A social media startup that came along with RJ Phillips that has a background in the influencer marketing strategy -and cryptocurrency companies The Hbar Foundation. For Zoop, the offer is “a moment in David against Goliath against traditional social media giants by supporting a creator revolution”, as the company shared with WIRED. They said they want to put them into the hands of the creators through better sales participation.
Bytedance is against the clock. If the company does not agree to a proposal by a US buyer by April 5, Tiktok is banned in the United States under a law This came into force in January, under the national security concerns.
“The process is actually very unique, it is guided by the White House and not by bytedance,” says Phillips, and refuses to further express the information about the information about the creation of the zoop bid. “Our external advice has found the right person with whom we can initiate conversations, and we did that.” Stokely did not respond to a request for comments.
On Wednesday, President Donald Trump was to consider several offers during an Oval Office Office meeting with Vice President JD Vance and US trade Minister Howard Lutnick who lead the sale. His plan to have Tikkok operated on in the United States was reportedly announced late that day. According to the information.
The concerns of the US government in relation to TikKok are said to be due to the fears that the Chinese government could access the data of the Americans. However, the partnership with Hbar could possibly work in favor of Zoop. The company’s explanation states that Hbar operates the blockchain technology based in the USA with the Hedera network “a safe, transparent and entrepreneurial ledger”.
Stokely and Phillips are perhaps the most surprising of the freelancers who are shooting for control over the popular video app.
“We have long looked at social in our past. We want to restructure the industry in such a way that we are fair,” Phillips told WIRED and wiped the speculation that Zoop’s offer came together at the last minute. “Creators bring augic apples to the pages and should therefore be those who share in Lionshahar’s advertising revenue. Users who deal with this content should also be those who benefit.”
Amazon also submitted a last-minute offer for buying Tiktok this week and connected four other groups that have considered the White House for the sale of TikToks US operations, so Reuters. After New York TimesThe Amazon bid is not taken seriously. One of the other possible offers that a team of US investors bring in, including Larry Ellison’s Oracle and private equity company Blackstone.
There is also the possibility that an American investment team Tikok will buy, while bytedance keeps the ownership of TikKs algorithm and rents it to the potential buyer. China has not indicated that it would be willing to sell the algorithm of the app and to export this type of technology would require his cancellation as part of a large number of restrictions that were introduced in 2020.
Phillips says that they are invested in building platforms that really prioritize the creators.
“Tech platforms for such companies should only be the intermediary for creators. Creators have difficult enough to achieve a steady income,” he says. “For us it will always concentrate on the creators and not first on shareholders.”
We will soon know whether the Trump administration matches this vision or not.