Kevin O’Leary teams up with Frank McCourt to save TikTok, focusing on user privacy and data ownership.
Washington: So, Kevin O’Leary, you know, the guy from “Shark Tank,” is teaming up with Frank McCourt to save TikTok. They want to buy the U.S. assets from ByteDance and make it better for American users.
O’Leary believes TikTok is in trouble because of a new law that could ban it in the U.S. unless it’s sold off from its Chinese parent company. He’s worried that by January 19, the app might disappear from U.S. app stores.
He’s got a plan, though. O’Leary wants to change how TikTok works, giving users more control over their data. He thinks if people share their data, they should get paid for it. Sounds like a win-win, right?
He’s also aiming to rebuild TikTok to prioritize user privacy. O’Leary believes that if they can regain trust, the platform could grow from 170 million users to over 200 million. That’s a big deal!
O’Leary is all about making TikTok more user-friendly. He wants to allow users to connect their posts from other platforms like Truth Social and Instagram. Imagine sharing your content across all those platforms easily!
He’s got big dreams for TikTok, saying it could become the world’s largest TV network in just two years. But first, they need to get past the Supreme Court’s decision on the ban.
O’Leary thinks that if the court upholds the ban, it could actually help their bid to buy TikTok. He’s hoping ByteDance will consider their offer seriously, especially since there’s a lot of American shareholder value at stake.
In the end, it’s all about getting the green light from China’s leadership. O’Leary believes that if they want to play in the global market, they can’t just wipe out shareholder investments. It’s a tricky situation, but he’s optimistic.
