TikTok sale is imminent, McCourt plans to acquire and promote it into a decentralized platform
The U.S. government is concerned about TikTok’s parent company ByteDance’s relationship with the Chinese government and has given ByteDance until January 19, 2025, to sell TikTok to a U.S. buyer, otherwise it will be banned. Billionaire Frank McCourt has expressed interest in acquiring TikTok and plans to transform it into a platform centered around user data protection.
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