#polkadotupdate $DOT #dot US TikTok Buyers Eye Decentralization, Polkadot Integration for Data Protection

Billionaire Frank McCourt is among those who have made a bid for TikTok in the US, and there are reports that he could decentralize the social media giant on Polkadot.

McCourt is an outspoken critic of Big Tech and has called for users to own their data for years, lending credence to reports of major changes in the American TikTok model.

TikTok's future in the US could be decentralized, and Polkadot is leading the way to become the network that anchors the social media app with 170 million American users.

Frank McCourt, the real estate billionaire best known as the former owner of the Major League Baseball LA Dodgers franchise, is among those interested in buying the Chinese company's American operations.

TikTok has been forced to sell by the Biden administration, which accuses the company of cannibalizing Americans' data for the Chinese government. This is not the first attempt to sell the company to American owners, with previous attempts by the Trump administration failing.

McCourt leads a consortium of individuals and companies under the umbrella of Project Liberty. He has invited Guggenheim Securities as the investment bank and Kirkland Ellis as the law firm that will be responsible for the deal.

He said he has been in talks with several parties interested in partnering on the sale, hinting that participation could be open to the public.

A vocal critic of Big Tech's data silo model, McCourt told one outlet that he aims to rebuild social media platforms as “a new and better version of the internet where everyone is respected, and they own and control their identity and data they.”