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Billionaire Frank McCourt assembles "people's bid" to buy TikTok

Frank McCourt, the former LA Dodgers owner, announced Wednesday morning that he's putting together a "people's bid" to buy TikTok from China's ByteDance.

Why it matters: McCourt is a vocal critic of tech and social media, having stepped down as CEO of his eponymous investment firm to launch an effort that would give users more control and ownership of their personal data.


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