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What Billionaire Frank McCourt Would Actually Do With TikTok
Frank McCourt says his bid for TikTok is part of a broader mission to move millions of people to healthier online platforms. “I compare this to large-scale, human physical migration.”
TikTok’s future in the United States is murkier than ever after a federal appeals court upheld a law last week that could force the app to sell its US operations or be banned as early as January 19. But beyond winning a final legal appeal at the Supreme Court, which is far from guaranteed, finding a wealthy buyer in the US may be TikTok’s most viable option. One of the most prominent prospective buyers to emerge so far is real estate mogul and former owner of the Los Angeles Dodgers Frank McCourt, who says he has received $20 billion in informal commitments from investors to purchase the app as part of what he calls the “people’s bid.” The sale would bolster McCourt’s existing technology initiative Project Liberty and the so-called decentralized social networking protocol it has developed.
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