A startup led by Tim Stonely, the founder of the social media site of adult content, has partnerships with a Cryptocurrency Foundation to present a plan in the late stage to get the short video tiktok app from Chinese owner Bytedance, both Wednesday.
The intention to make bids was sent to the White House this week by Zoop, the new company of the Stonely billionaire and the HBA Foundation, which administers the Hedera CrypoCurrency network treasure.
While the only lives are mainly known for pornography, Zoop is the main and family-facetry, and return much of its return to those who have behind the site, rewarding them for increasing the user’s engagement.
“Our bid for Tiktok is not just about changing ownership, it is about creating a new paradigm, where both creators and their community benefit directly from the value they generate,” Zoop Rj Phillips for Reuters said.
Partners have worked with a consortium of investors, said Phillips. He refused to provide details on the offer or investors who support it.
On Wednesday, Amazon also set a last -minute offer to buy Tiktok, the New York Times reported.
President Trump is expected to consider a Tiktok proposal on Wednesday to establish the fat of the application used by 170 million Americans. Bytedance faces an April 5 term to sell Tiktok or face a US ban on national security bases under a US law that entered into force on January 19th.
The law, adopted last year with widespread two -party support, reflects concern in Washington that Tiktok’s ownership makes it be seen before the Chinese government and that Beijing can use the application to carry out impact operations against the United States.
Tiktok’s lawyers argue that the ban illegally threatens to limit Americans to enter foreign media in violation of the first change of the US Constitution, which guarantees freedom of speech.
Trump pushed law enforcement until April 5 after taking office in January to give herself to Shepherd an agreement. He said he could extend the deadline if necessary.
Ticks at Tiktok have joined about a plan for the largest non-Cineze investors in Bytedance to set up their shares and obtain the US application operations, Revers has been reported.
Trump said that last month his administration was in contact with four different groups about a future TIKTOK agreement without identifying them.
In the closely viewed sale of Tiktok, the White House is playing the role of an investment bank, with Vice President JD Vance running the auction.
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