Reddit co-founder Alexis Ohanian joins Frank McCourt’s TikTok bid

In Brief Reddit co-founder and investor Alexis Ohanian has joined billionaire Frank McCourt’s bid to acquire TikTok as a strategic adviser specializing in social media, Reuters reports. “He has that broad portfolio of experience … of where social media was and, I think, a keen understanding of where it’s evolving,” McCourt told Reuters. “Where he can help mostly is validating but also socializing what we’re doing.” McCourt’s internet advocacy group, Project Liberty, has organized a consortium called The People’s Bid to buy the U.S. assets of TikTok. In January, Project Liberty officially submitted a proposal to acquire the social media app, detailing plans to let users control how their data is used and stored. Other parties interested in buying TikTok include a group of investors led by tech entrepreneur Jesse Tinsley. Additional potential buyers include Microsoft, Oracle, Perplexity AI, and former Activision CEO Bobby Kotick. TikTok briefly went down in mid-January, but was rest ... Read full article.