Kevin O’Leary joins people’s bid for TikTok as ban looms

investors and entrepreneurs Kevin O’Leary, Known for appearing on “Shark Tank” He announced on Monday that he Bidding for TikTok Try to buy the social media platform before the January 19 sales deadline.

Details: O’Leary announced the move in a press release, saying he will join the free plan Founder Frank McCourt. O’Leary has previously tried to acquire TikTok through crowdfunding, and the plan will be included in the “People’s Bid for TikTok.”

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“Joining the People’s Bid for TikTok is an opportunity to take action on issues I’m very passionate about – protecting privacy and creating value for users,” said Kevin O’Leary.

O’Leary added: “TikTok has huge potential – not just as a tool for creators and businesses, but as a cornerstone of a more secure, people-centered digital future.”

O’Leary also announced the acquisition of TikTok in partnership with The People’s Bid on social media platform X.

what else: The Supreme Court is scheduled to hear arguments Friday on whether a proposed TikTok ban violates the First Amendment. Congress passed the ban earlier this year with bipartisan and presidential support Joe Biden It was signed into law in April.

The law requires TikTok’s parent company to Byte bouncehas until January 19 to divest its U.S. operations or risk being removed from U.S. app stores

President-elect Donald Trump Initially supported banning TikTok, but later changed its stance on the issue and asked for an extension to the divestment deadline.

Trump’s lawyer, D. John SaulHe said Trump had not taken a position on the merits of the case, but hoped to have the opportunity to seek a political solution.

“He respectfully invites the Court to consider delaying the January 19, 2025 divestment deadline set forth in the Act while considering the merits of the case, thereby giving President Trump’s incoming administration the opportunity to pursue a political resolution to the issues in this case. , “Saul said.

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