POLITICO Tech The billionaire who wants to buy TikTok for the people
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Dec 2, 2024 Billionaire Frank McCourt, known for his visionary plans for a decentralized internet, discusses his coalition's mission to purchase TikTok. He believes that empowering individuals to control their own data can transform the digital landscape. McCourt emphasizes the political implications of this endeavor, aiming to challenge the dominance of big tech. The conversation also touches on the challenges of navigating social media alternatives and the urgent need for ethical data ownership in today’s evolving internet.
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Scale for Change
- Project Liberty aims to create a decentralized internet where users control their data.
- They believe achieving scale, like acquiring TikTok, is crucial for demonstrating this alternative.
TikTok Acquisition Goal
- Project Liberty's bid for TikTok aims to transition its users to a decentralized platform.
- This aligns with their goal of offering an alternative to centralized internet control.
Phone Number Portability Analogy
- McCourt draws a parallel between internet data control and phone number portability.
- Initially, people didn't demand portability, but once available, it became highly desirable.