Exclusive: TikTok bidder calls $600 million EU fine latest example in 'avalanche of evidence' social media companies control too much user data

TikTok offices (Credit: ROBYN BECK/AFP)

• Project Liberty, one of the principal bidders for TikTok, said a $600 million EU fine on the platform was further evidence of social media’s poor track record of protecting user data. Led by Frank McCourt, Project Liberty has long been an advocate of reforming how social media companies gather data on users. 

Project Liberty, the consortium of investors led by billionaire Frank McCourt that is bidding for TikTok, said the platform’s recent $600 million fine for violating EU privacy laws was further evidence of social media’s harmful data collection practices.