Marketplace Tech The entrepreneur who wants to buy TikTok
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Dec 18, 2024 Frank McCourt, billionaire entrepreneur and founder of Project Liberty, dives into his ambitious proposal to buy TikTok amidst looming regulatory challenges. He discusses the plight of 170 million U.S. users at risk of losing access to the app. McCourt reveals a vision for a user-centric internet, emphasizing data control and creating an 'intention economy' to empower users. With a consortium ready to invest over $20 billion, he outlines how a potential acquisition could reshape social media dynamics while prioritizing user privacy and agency.
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McCourt's Vision for TikTok
- Frank McCourt, a billionaire, wants to buy TikTok.
- He aims to create an alternative internet without surveillance and data scraping.
Why McCourt is a Viable Buyer
- McCourt's consortium is a viable buyer for TikTok because they have funding and aren't an antitrust threat.
- They don't need TikTok's algorithm, a key aspect of their bid.
The Real Secret Sauce of TikTok
- McCourt believes users, not the algorithm, are TikTok's "secret sauce."
- He envisions a user-curated algorithm where users control their data.