Trump-supporting investor Kevin O'Leary and Democratic donor Frank McCourt have teamed up to potentially buy TikTok if it's put on the market. This comes as TikTok faces a U.S. law that could ban the app unless sold from its Chinese ownership by January 19th. The app's future is uncertain as its executives fight the law, with plans for a U.S. shutdown if the Supreme Court doesn't intervene.
With the future of TikTok’s ownership hanging in the balance, two uber-rich, politically connected investors are lying in wait, hoping to snag the app if it’s ultimately put on the market. Trump-supporting investor and “Shark Tank” star Kevin O’Leary and billionaire entrepreneur Frank McCourt, who once owned the Los Angeles Dodgers and has previously donated to Democrats, have linked up on a bid to buy the social media site.
The effort was launched by a group McCourt founded, Project Liberty, which says it seeks to “help people take back control of their digital lives by reclaiming a voice, choice, and stake in a better internet.” Time magazine has described Project Liberty as a “bold-bordering-on-improbable project to fix the internet.” And I think we should all be pretty wary whenever billionaires tell us they know how to fix anything.
Tiktok Ownership Investors Kevin O'leary Frank Mccourt China US Law Data Privacy Internet Regulation
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