Loading...
Market
Global impact on TikTok operations two years post US sale
4
Frank McCourt•TikTok•McCourt•Los Angeles Dodgers•Guggenheim Securities•Project Liberty•Chinese•ByteDance•American•Bloomberg
Resolution / Starting Odds
Positive impact • 33%
Neutral impact • 34%
Negative impact • 33%
Global market performance data and expert analysis
Story
Frank McCourt's Project Liberty Bids $35-$40 Billion for TikTok's U.S. Operations
May 15, 2024, 02:51 PM
Billionaire Frank McCourt is organizing a consortium to bid for TikTok's U.S. operations. McCourt, a former Los Angeles Dodgers owner and a vocal critic of technology and social media, aims to rebuild TikTok with a focus on user privacy and data control. He has retained Guggenheim Securities to advise him on the bid. McCourt's nonprofit organization, Project Liberty, is spearheading the effort. The bid comes in the wake of U.S. government pressure on TikTok's Chinese parent company, ByteDance, to sell its American arm. McCourt's vision for TikTok includes creating a new and better version of the internet where individuals own and control their identity and data. He refers to his effort as a "people's bid" and envisions a new architecture and an alternative internet. The U.S. business of TikTok is valued between $35 billion to $40 billion by Bloomberg analysts.
View original story
Similar markets
Increase • 33%
Decrease • 33%
Remain stable • 34%
Increase • 33%
Decrease • 33%
Unchanged • 34%
Continues operation under new ownership • 33%
Ceases operations • 33%
Operates with significant restrictions • 34%
Continues Operation • 33%
Limited Operation • 33%
Ceases Operation • 34%
TikTok continues operation independently • 33%
TikTok shuts down operations in the U.S. • 33%
TikTok is sold to another company • 33%
Increase in global user base • 25%
Decrease in global user base • 25%
No significant change in global user base • 25%
Shift in user demographics • 25%
Positive market response • 33%
Negative market response • 33%
Neutral market response • 34%
Significant increase • 25%
Slight increase • 25%
No change • 25%
Decrease • 25%
Tech Company • 25%
Private Equity • 25%
Foreign Non-Chinese Company • 25%
No Buyer • 25%