Don Lemon interviews Kevin O'Leary about buying TikTok, Trump's legal issues, and the Ozempic craze. They discuss concerns of Chinese ownership, Trump's campaign donations, and the evolving media landscape. O'Leary also talks about potential TikTok acquisition, weight loss industry impact, and pharmaceutical advancements.
Kevin O'Leary plans to buy TikTok and transition it to American ownership to protect data and foster small business growth.
O'Leary emphasizes the need for data protection and fair trade practices with China amidst concerns about Chinese ownership of TikTok.
Deep dives
Kevin O'Leary's Interest in Acquiring TikTok
Kevin O'Leary expresses his interest in purchasing TikTok due to its massive user base of 170 million, including 85% entrepreneurs. He sees its potential for small businesses with $9 billion yearly advertising spending. O'Leary emphasizes the need to steward the platform from Chinese control to American ownership, noting its value and growth potential.
Concerns About Chinese Ownership and Data Leaks
O'Leary addresses concerns about Chinese ownership of TikTok and the leakage of American data to the Chinese government. He advocates for strong measures, like rewriting the algorithm and ensuring no data leaks. O'Leary highlights the importance of securing American interests in data protection and fair trade practices with China.
Acquisition Strategy and Transition Plans
O'Leary discusses his acquisition strategy for TikTok, emphasizing the need to secure approval from the US Senate and White House. He plans to rewrite the algorithm, ensuring no Chinese access, and appoint a US-based management team. O'Leary aims to make a seamless transition from TikTok China to TikTok USA.
Media Dynamics and Future Trends
O'Leary reflects on the shifting media landscape, noting the dominance of digital and streaming platforms over traditional TV. He highlights the importance of Wonder Ads, his platform aggregating buys for streaming and TV. O'Leary underscores the significance of adapting to evolving media trends for business success.
Don Lemon sit's down with business mogul, investor, and Shark Tank personality Kevin O'Leary for a no-punches-pulled interview. In it they discuss O'Leary's plans to buy Tiktok, Former President Donald Trump's legal woes, and even the Ozempic craze.
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00:00 – Intro
01:18 – Purchasing TikTok
02:25 – Concerns About TikTok’s Chinese Ownership
07:15 – Rewriting the Algorithm and the Sale of TikTok