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Frank McCourt, the former owner of the Los Angeles Dodgers, this week announced he is putting together a bid to buy the popular social media platform TikTok as the company’s future in the U.S. remains uncertain after President Joe Biden signed a bill that could get it banned nationwide.
TikTok disclosed a letter Thursday that accused the Biden administration of engaging in “political demagoguery” during high-stakes negotiations between the government and the company as it sought to relieve concerns about its presence in the U.S.
The Federal Trade Commission has referred a complaint against TikTok and its parent company, ByteDance, to the Department of Justice.
In the race to buy TikTok, billionaire Frank McCourt is pitching investors with a chance to create a new platform that gives users the ability to control their own data. "I don't want to own TikTok," he told reporters Thursday. "I don't want to be the CEO of a social media platform. I want a new internet. A new improved alternative to what we have." McCourt's move comes at a time when concerns about data privacy and child safety online have led to dozens of bills at the state level, and a bipartisan push to move federal legislation. His pitch has drawn a key group: Parents whose children died after being influenced by social me
Donald Trump has joined social media platform TikTok after previously trying to get it banned on national security grounds.
The Biden administration rejected an offer from TikTok’s parent company ByteDance that would have allowed federal officials to pick board members for its American subsidiary, examine the social media app’s source code and even flick a “kill switch” if necessary.
A U.S. appeals court on Tuesday set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok's U.S. assets by Jan. 19 or face a ban.
In some of his most hawkish comments to date, the head of Canada's intelligence agency is warning Canadians — including teenagers — against using the wildly popular video app TikTok.