Billionaire Frank McCourt's Project Liberty has secured over $20 billion in investments for a potential acquisition of TikTok, prioritizing user safety and data ownership.
"The technology we are building respects individuals by returning to them ownership and control of their identity and their data, not by surveilling them," McCourt stated.
McCourt emphasized that his group isn’t influenced by foreign actors nor beholden to Big Tech, allowing them to support a platform loved by over 170 million Americans.
A federal appeals court upheld Congress's law requiring TikTok's sale, rejecting claims that the law was unconstitutional, citing national security concerns.
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