Overview

• Alexis Ohanian has joined Frank McCourt's 'The People's Bid' to acquire TikTok's US operations as a strategic adviser.
• The bid proposes integrating blockchain technology to give users control over their data and creators ownership of their audiences.
• The consortium, which includes investor Kevin O’Leary, has reportedly secured $20 billion in commitments for the purchase.
• TikTok is under pressure to divest from its Chinese parent company ByteDance by April 5 to avoid a US ban over national security concerns.
• Other potential buyers, including Microsoft and YouTube star MrBeast, are competing for TikTok, with valuations estimated as high as $50 billion.