Reported 1 day ago
As TikTok faces a potential ban in the U.S., billionaire Frank McCourt is stepping forward with a proposal to purchase the app from its Chinese parent company, ByteDance, which has refused to sell. With a strategic focus on creating an alternative platform that grants users greater control over their data, McCourt has actively engaged with lawmakers and influencers to garner support for his plan. Despite lacking the necessary funds and facing fierce competition from other potential buyers, he hopes to construct a deal that would satisfy all parties involved and prevent TikTok's shutdown.
Source: YAHOO