“Shark Tank” investor Kevin O’Leary has backed efforts to acquire social media platform TikTok less than two weeks before the video-sharing platform is set to be banned across the country.
On Monday, the Canadian entrepreneur announced that he had partnered with The People’s Bid for TikTok.
The initiative, led by business executive and Project Liberty founder Frank McCourt, aims to purchase TikTok’s U.S. assets to help “rebuild the platform in a way that prioritizes the privacy of its 170 million American users,” per a press release.
“TikTok has immense potential—not just as a tool for creators and businesses, but as a cornerstone of a more secure, people-centered digital future,” O’Leary, 70, said in a statement….