As of now, ByteDance has yet to express any willingness to separate TikTok in the US. The Chinese parent company seems to be counting on either the Supreme Court or President-elect Donald Trump to save the app before it faces a ban next month. Major tech companies like Amazon, Google, Meta, Microsoft, and Oracle are currently on the sidelines, waiting to observe the situation. Congress has warned Sundar Pichai and Tim Cook about potential legal repercussions if they continue to host TikTok in their app stores after January 19th.
Real estate billionaire Frank McCourt has been vocal about his interest in purchasing TikTok and has been actively pursuing investors for his Project Liberty plan. McCourt revealed that he has around $20 billion lined up for a bid and has approached Kevin Mayer to join the project. Despite the challenges, McCourt remains optimistic about his vision for a decentralized internet and the potential acquisition of TikTok.
McCourt’s efforts to acquire TikTok face numerous obstacles, including the reluctance of ByteDance to sell and potential government restrictions. His proposed use of a decentralized protocol and a cryptocurrency called Frequency has raised concerns among observers. Nonetheless, McCourt remains committed to his goal of revolutionizing the internet and empowering users through his initiatives.
The interview with McCourt sheds light on the motivations behind Project Liberty and the ambitious plans for the future of the internet. The conversation highlights the intersection of technology, philanthropy, and commercial interests in McCourt’s vision for a more decentralized and user-centric online ecosystem.