Zoop, the social application created by the single founder of fans Tim Stokeely, and the Hbar Foundation would have submitted an offer to buy the Tiktok video sharing application in the United States.
According to a Reuters report on April 2, the Hbar and Zoop Foundation filed an intention to bid on Tiktok with the Trump administration the previous week. The offer will follow other large technological companies, including Amazon, Oracle, Microsoft and Rumble, with the aim of maintaining the service of video sharing app for American users.
“Our offer for Tiktok is not only to change the property, it is a question of creating a new paradigm where creators and their communities benefit directly from the value they generate,” said the co-founder of Zoop, RJ Phillips.
In 2024, the US Congress adopted and former President Joe Biden signed a bill that could potentially prohibit Tiktok if the firm’s operations were not separated from his Chinese parent company, Bytedance. The initial deadline for the sale of the company under the law was January 19. After having assumed the office, President Donald Trump signed an extension of 75 days for the application, pushing the potential sale of Tiktok until April 5.
Cointelegraph contacted the Hbar and Zoop Foundation but did not receive an answer at the time of publication.
This is a history in development, and additional information will be added as it will be available.
