Kevin O’Leary Launches Crowdfunding Campaign to Acquire TikTok
Canadian investor and Shark Tank star, Kevin O’Leary, launches a crowdfunding campaign to acquire TikTok in response to potential US ban. O’Leary aims to protect user data and privacy, with reservations open for interested investors. Despite uncertainties, O’Leary’s project garners attention within investment and tech communities, setting a unique precedent in the race for ownership of the popular social media platform.
Senator Ron Wyden Criticizes Steven Mnuchin’s Bid to Acquire TikTok
Senator Ron Wyden criticizes former Treasury Secretary Steven Mnuchin’s bid to acquire TikTok, citing concerns over his ties to money from the Middle East. Mnuchin’s plans to lead a group of investors in purchasing the social media platform has raised bipartisan concerns, with Senator Wyden expressing apprehension about potential security risks and access to personal data. Reports indicate substantial investment from Saudi Arabia, Qatar, Kuwait, and the United Arab Emirates in Mnuchin’s fund, raising further questions about foreign influence.