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Another Billionaire Pushes a Bid For TikTok, But To Decentralize It

An anonymous reader quotes a report from Techdirt, written by Mike Masnick: If you're a fan of chaos, well, the TikTok ban situation is providing plenty of chaos to follow. Ever since the US government made it clear it was seriously going to move forward with the obviously unconstitutional and count...

Their hearts are in the right place in wanting to rethink the internet in a manner that empowers users over big companies, even if I don't always agree with their approach (he also frequently seems to surround himself with all sorts of tech haters, who have somewhat unrealistic visions of the world). "Working in consultation with Guggenheim Securities, the investment banking and capital markets business of Guggenheim Partners, and Kirkland & Ellis, one of the world's largest law firms, as well as world-renowned technologists, academics, community leaders, parents and engaged citizens, this bid for TikTok offers an innovative, alternative vision for the platform's infrastructure -- one that allows people to reclaim agency over their digital identities and data by proposing to migrate the platform to a new digital open-source protocol. In launching the bid, McCourt and his partners are seizing this opportunity to return control and value back into the hands of individuals and provide Americans with a meaningful voice, choice, and stake in the future of the web."

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