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Zoop has partnered with the HBAR Foundation to submit a late-stage bid to acquire TikTok from ByteDance.
Zoop Aims to Revolutionize Content Creation with Creator-Centric Model
While OnlyFans is often associated with adult content, Zoop aims to offer a different model. One that is centered around rewarding creators for driving user engagement. Zoop gives back the majority of its revenue to those who post on the platform. It will create a more balanced relationship between the platform and its creators.
“Our bid for TikTok isn’t just about changing ownership; it’s about creating a new paradigm where both creators and their communities benefit directly from the value they generate,” said Zoop co-founder RJ Phillips in a statement to Reuters. This bold move has caught the attention of many as Zoop looks to reshape the way digital content platforms operate.
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While details about the bid and the investors backing it remain under wraps, Phillips confirmed that they are working with a consortium of investors who share the vision of a more creator-centric future.
TikTok’s Future at Risk as Zoop, Amazon Compete for Acquisition
The timing of Zoop’s bid comes as TikTok’s future in the U.S. hangs in the balance. On Wednesday, Amazon entered the fray with its last-minute offer to buy TikTok, according to Forbes. This intensifies the competition as U.S. President Donald Trump is expected to make a crucial decision on TikTok’s fate.
Battle For TikTok: Amazon, AppLovin Join Oracle And These Others Vying To Buy Ithttps://t.co/bzHTSYH2ib pic.twitter.com/Ol8wzZxGqU
— Forbes (@Forbes) April 2, 2025
ByteDance, the parent company of TikTok, faces a rapidly approaching April 5 deadline to either sell the app or face a ban in the U.S. due to national security concerns. The U.S. law, which took effect on January 19, is forcing ByteDance to act quickly or risk losing access to its 170 million American users.
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