TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.

OnlyFans founder Tim Stokely teams up with Zoop and Hbar Foundation in a last-minute bid to buy TikTok's U.S. operations before an April 5 deadline.

As TikTok’s April 5th sell-by date approaches, Americans are back to where they stood before the original January deadline: watching anxiously to see if a major social media app gets banned. But that’s far from the only big event we’ll see over the coming month.

TikTok is once again set to be banned in the US this weekend if it doesn't sell itself to a buyer deemed fit by US officials. The app faced a similar dilemma in January before President Donald Trump extended the sale deadline for the app to this Saturday.

Throughout this process, ByteDance – a Chinese company – has yet to comment directly on the potential of a sale to a US firm. TikTok's US leadership and its CEO, Shou Zi Chew, have publicly praised President Donald Trump for his intervention but have been mostly silent since then.

A startup run by Tim Stokely, founder of adult content social media site OnlyFans, has partnered with a cryptocurrency foundation to submit a late-stage plan to acquire short video app TikTok from Chinese owner ByteDance,

It is now critical that TikTok finds US buyer, and the stakes are high for businesses if it fails to do so before the April 5th deadline.

Mark Cuban is backing Skylight, an app that aims to be a decentralized alternative to TikTok. More details here.

Developed by co-founders Tori White (CEO) and Reed Hermeyer (CTO), Skylight offers a short-form video app experience with many familiar features, including an in-app video editor; the ability to comment, like, and share videos; set up your own user profile; and follow others.