Reddit co-founder Alexis Ohanian has joined Frank McCourt in his pursuit to acquire TikTok, serving as a strategic adviser on social media trends. McCourt's Project Liberty is spearheading The People's Bid to purchase TikTok's U.S. assets, emphasizing user data control. Several other bidders, including major companies and investors like Microsoft and Oracle, are also vying for TikTok amid its fluctuating operational status, further indicating the app's ongoing relevance in the digital landscape.
"He has that broad portfolio of experience ... of where social media was and, I think, a keen understanding of where it's evolving."
"Where he can help mostly is validating but also socializing what we're doing."
"In January, Project Liberty officially submitted a proposal to acquire the social media app, detailing plans to let users control how their data is used and stored."
"TikTok briefly went down in mid-January, but was restored once President Donald Trump pledged to revive the app."
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