Kevin O’Leary On Shark Tank
Highlights
- Kevin O’Leary used X to announce his support for ‘The People’s Bid for TikTok.’
- Kevin has joined hands with Frank McCourt to purchase the Chinese social media platform.
- The Supreme Court is likely to hear the entire matter on January 10.
Shark investor Kevin O’Leary has always been one of the most talked about investors from the show for his bold and honest personality. While his deals and interactions on Shark Tank have made headlines through many seasons, the viewers are again curious as Kevin O’Leary joins TikTok bid.
The TikTok ban has been a matter of strong debate in the US for the past few years. Kevin O’Leary made his entry into the situation by announcing on X that he had joined hands with businessperson Frank McCourt.
Together, Mr Wonderful and Frank were aiming to present The People’s Bid for TikTok. The duo attempts to eventually acquire the Chinese app.
I’m excited to share that I’m partnering with Frank McCourt and the visionary team at @pro_jectliberty to lead The People’s Bid for TikTok!
This isn’t just about buying TikTok’s U.S. assets. It’s about something much bigger: protecting the privacy of 170 million American users.… pic.twitter.com/kzxk5RfEgY
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) January 6, 2025
All About The TikTok Ban In USA
The Chinese social media platform is all set to be banned in the US on January 19. The condition is that if ByteDance, its parent company from China, is unable to find a buyer for the company’s assets in America. This entire issue of ban emerged after concerns were expressed regarding data exploitation.
The Trump government had previously claimed that the video-based platform was trying to extract data from its millions of users in the US. So, based on these security concerns, the talks regarding its ban received support.
Kevin O’Leary Steps Up for TikTok
As Kevin O’Leary has publicly announced his will to save TikTok for American users, people are curious about his plans for the same. Throwing some light on his idea for ‘The People’s Bid,’ Kevin recently shared his thoughts about it on The Story with Martha MacCallum on Fox News.
The Shark investor stressed that for securing the deal they needed the help of Donald Trump. Kevin further said that he wanted both Trump and his cabinet members to be aware of their TikTok purchase plan and help them with it.
Donald Trump’s Views On TikTok
The news about how Kevin O’Leary joins TikTok bid has been making rounds throughout the country. In this backdrop, learning about Trump’s thoughts on the topic becomes crucial as he is the newly elected President. While he was completely rooting for banning the Chinese app in 2020, things have changed now.
Donald Trump accepted that the chances of data breaches persist on TikTok. However, banning the Chinese app would offer an advantage to Facebook, which could be bad for people.
Things have taken a dramatic turn as Kevin O’Leary joins TikTok bid and Donald Trump is set to become the President on January 20; there is still hope for TikTok. Before that, on January 10, the Supreme Court is set to hear the matter.
Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
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