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"Not about free speech" - Kevin O'Leary's plan to buy TikTok explored

Kevin O'Leary, known from "Shark Tank," has expressed interest in purchasing TikTok, emphasizing that his motivation is not about free speech but rather about the platform's potential for data security and economic benefits. He has proposed a plan to buy TikTok for $20 to $30 billion, significantly less than its estimated $220 billion valuation, arguing that the app's value has decreased due to regulatory pressures and potential bans in the U.S. O'Leary's strategy involves transforming TikTok into a secure platform, possibly by moving its data operations to the U.S. or Canada, and ensuring that it operates independently from its Chinese parent company, ByteDance. His plan also includes addressing national security concerns by ensuring that user data is not accessible to foreign entities, thereby making TikTok a safer environment for its American users. This move, according to O'Leary, would not only protect user data but also unlock significant economic value by keeping the platform operational in the U.S. market.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/smallbusiness/not-about-free-speech-kevin-o-leary-s-plan-to-buy-tiktok-explored/ar-AA1wQFRd ]