Reddit Co-Founder Alexis Ohanian Joins Bid to Acquire TikTok US

The consortium led by Frank McCourt aims to transform TikTok with blockchain technology, prioritizing user data control and privacy.

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.