Philanthropist Frank McCourt on why he wants us to take back ownership of our data from Big Tech.
This week, a consortium led by entrepreneur and philanthropist Frank McCourt Jr. made a formal bid to purchase the U.S. assets of TikTok from ByteDance, the Chinese company that owns the social media giant. The offer, the terms of which were not publicly disclosed, is the latest move in the “people’s bid” to buy TikTok on behalf of Project Liberty, a $500 million nonprofit initiative he founded to build a “better internet.”
The bid comes before a Jan. 19 deadline by which ByteDance must sell the app or no longer be allowed to legally operate in the U.S., following the passage of a 2024 law, the Protecting Americans from Foreign Controlled Applications Act. Today the U.S. Supreme Court heard oral arguments on that law, which has been championed as vital to protect national security and opposed by those who say it violates free speech.
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