In a bold move, Kevin O’Leary from Shark Tank has joined forces with MLB team owner Kevin McCourt in a bid to purchase TikTok before a potential ban is enacted in the United States. This urgent acquisition reflects growing concerns among American investors regarding the future of the popular social media platform.
With the clock ticking down to January 19, the possibility of restrictions on TikTok has spurred a wave of financial pledges from various investors eager to seize the opportunity to buy the platform. While some users express a preference for Elon Musk, owner of X, others are encouraged by O’Leary’s steadfast commitment to safeguarding TikTok and its vast user base.
On January 6, 2025, O’Leary took to Twitter to announce his partnership with Frank McCourt as part of their initiative to “protect”TikTok’s 170 million users. “I’m excited to share that I’m partnering with Frank McCourt and the visionary team at [Project Liberty] to lead The People’s Bid for TikTok!” O’Leary stated. He emphasized that this effort extends beyond merely acquiring TikTok’s U.S. assets—it aims to enhance user privacy, empower creators, and foster a platform that prioritizes individual interests over algorithmic control.
I’m excited to share that I’m partnering with Frank McCourt and the visionary team at @pro_jectliberty to lead The People’s Bid for TikTok! This isn’t just about buying TikTok’s U.S. assets. It’s about something much bigger: protecting the privacy of 170 million American users.… pic.twitter.com/kzxk5RfEgY
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) January 6, 2025
O’Leary further elaborated, stating, “TikTok has immense potential, not just as a tool for creators but as a driver of meaningful economic and social impact. Together, we’re working to create an American-owned platform that is secure, innovative, and puts you in control of your data and digital relationships.”
Public Support for O’Leary’s Acquisition Plans
The announcement has garnered a wave of support from social media users, many of whom have lauded O’Leary’s initiative. Comments on platforms like X reflect a favorable response to his acquisition efforts.
Truly an amazing acquisition!
— Corban Dolan (@OfficialCorban) January 6, 2025
Responses include enthusiastic remarks like “This is terrific,”followed by others expressing hopefulness with messages such as, “I hope you win the bid!”As stated in O’Leary’s tweet, more information about The People’s Bid will unfold in the coming weeks.
This initiative, aligned with Project Liberty—a nonprofit founded by McCourt—aims to unify community leaders for a collective acquisition of TikTok. As developments continue, O’Leary’s discussions regarding involving political figures, including President-elect Donald Trump, suggest a strategic approach to preserving TikTok’s presence in the U.S.
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