Frank McCourt Assembles Bid to Acquire TikTok's U.S. Operations

The billionaire aims to transform the platform into a decentralized, user-controlled internet model.

McCourt's plan focuses on data privacy and user control, moving away from current data-exploitative models.
He has garnered support from notable figures like Tim Berners-Lee and Jonathan Haidt for his vision.
The acquisition bid is in response to a U.S. mandate requiring ByteDance to sell TikTok or face a ban.
McCourt's Project Liberty aims to use blockchain technology to decentralize data control.
Challenges include TikTok's legal battle against the forced sale and potential loss of its core algorithm.