What Ultrawealthy Investors Would Do If They Bought TikTok

With a potential TikTok ban looming, wealthy investors are eyeing the platform and sharing their plans for its future.

What Ultrawealthy Investors Would Do If They Bought TikTok
What Ultrawealthy Investors Would Do If They Bought TikTok

Los Angeles: So, TikTok is facing a ban in the U.S. soon unless the Supreme Court steps in. Investors and tech moguls are buzzing about buying the app. They’ve got some big ideas for it if they get their hands on it.

The court’s been hearing arguments about a law that could kick TikTok out of app stores unless its Chinese parent company, ByteDance, sells its U.S. operations. A decision is expected any day now, and experts think the court might back the law.

TikTok is pushing back, saying the ban is based on flawed info and would silence millions of American voices. With all this uncertainty, some wealthy folks are stepping up, ready to buy the platform if things go south.

Big names like Kevin O’Leary from “Shark Tank” and former Dodgers owner Frank McCourt are in the mix. O’Leary wants to gather investors to buy TikTok for around $20 to $30 billion, which is a steal compared to its last valuation of $220 billion. He thinks it’s a goldmine for entertainment and business.

But he’s aware that buying TikTok might mean losing its unique algorithms. He’d have to create new ones to keep the app running smoothly in the U.S. McCourt, on the other hand, is all about user privacy. He’s got a plan called “The People’s Bid” to give users control over their data.

Then there’s MrBeast, the YouTube star, who jokingly said he’d buy TikTok to save it from the ban. He’s been chatting with billionaires about making it happen. And former Treasury Secretary Steven Mnuchin is also trying to rally investors to take over TikTok, aiming to keep it secure and separate from ByteDance.

Other big players like Bobby Kotick from Activision and even Microsoft have shown interest in the past. It’s a wild time for TikTok, and we’ll see what happens next!

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