A wealthy investor, Frank McCourt, has announced his intention to organize a bid to purchase TikTok following the recent law signed by President Joe Biden. The law mandates TikTok to find a new owner or face a ban in the United States. McCourt, a former owner of the Los Angeles Dodgers and a real estate billionaire, aims to acquire TikTok as part of a broader initiative to create a healthier internet ecosystem.
McCourt's proposal envisions a reimagined social media landscape where users have greater control over their data. He plans to operate TikTok on an open-source, decentralized protocol to empower individuals and creators on the platform. This move is supported by Sir Tim Berners-Lee, the inventor of the World Wide Web.
