HBAR Foundation and OnlyFans Founder Propose TikTok Acquisition

According to PANews, the HBAR Foundation has partnered with Tim Stokely, founder of the internet subscription site OnlyFans, in an attempt to acquire the social media app TikTok. Last week, Stokely and the HBAR Foundation submitted a proposal to the White House through Zoop, a newly established family-friendly crowdfunding company founded by Stokely. RJ Phillips, co-founder of Zoop, stated that the acquisition of TikTok is aimed not only at changing ownership but also at creating a new model that allows creators and their communities to benefit directly from the value they generate. Phillips mentioned that the partners have been collaborating with a group of investors, although he declined to disclose details of the acquisition or information about the investors supporting it. Previously, The New York Times reported that Amazon also made a last-minute bid to acquire TikTok on Wednesday.