The future of social media platform TikTok hangs in the balance. Will it be banned in the US? Will someone be able to buy the platform and work on adding safeguards that please lawmakers? The outcome of the platform is important to the millions of creators who rely on its powerful algo to earn income. Yahoo Finance executive editor Brian Sozzi sits down with McCourt Global executive chairman Frank McCourt. The two discuss why McCourt is trying to buy TikTok, and his plans for the platform should he win control. McCourt also serves up his take on AI and the influence it’s having on social media and the wider business community. The long-time businessman also owned the Los Angeles Dodgers baseball team, and the conversation dives into surging values being paid to own sports teams and players – including the $765 million deal for star Juan Soto by the New York Mets.
Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.
Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/.
Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
00:00-Frank McCourt on Opening Bid
03:00-ByteDance might not
06:30-TikTok is addictive
11:40-An internet bull
19:40-Why internet (as of now) is not good for democracy
22:30-HOT TAKE
Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.
Frank McCourt is the founder of Project Liberty, an international non-profit, and executive chairman and former CEO of McCourt Global, a business and philanthropy organization. He is the owner of the football club Marseille was the owner and chairman of the Los Angeles Dodgers and Dodger Stadium from 2004 to 2012.
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