EconomyLens.com
No Result
View All Result
Saturday, August 16, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Tech

US billionaire eyes TikTok takeover to save internet from Big Tech

Emma Reilly by Emma Reilly
June 20, 2024
in Tech
Reading Time: 7 mins read
A A
4
46
SHARES
575
VIEWS
Share on FacebookShare on Twitter

US real estate billionaire Frank McCourt speaks during an interview at the Collision 2024 tech conference. ©AFP

Toronto (Canada) (AFP) – Frank McCourt, a US real estate billionaire, aims to buy TikTok to rescue the internet from the clutches of major platforms that he firmly believes are destroying society and endangering children.

Related

Louisiana sues Roblox game platform over child safety

After repeated explosions, new test for Musk’s megarocket

Football and falls as first humanoid robot games launch in China

Apple Watch gets revamped blood oxygen feature

Apple rejects Musk claim of App Store bias

In the United States, McCourt is best known as the former owner of the Los Angeles Dodgers baseball team, while in Europe he is the current proprietor of storied football club Olympique de Marseille that counts French President Emmanuel Macron among its fans.

For years, McCourt has railed against the power of the big tech platforms, accusing them of harming children and helping send the world off the rails. “We are being manipulated by these big platforms. And that’s why we see in free societies everywhere, there’s sort of the world on fire, right?” McCourt told AFP at the Collision tech conference in Toronto.

He cited political upheaval in France, where the far-right could secure a decisive victory in the upcoming parliamentary elections, as the latest example. “There’s a lot of agitation, a lot of chaos, a lot of polarization. Well, you know what, the algorithms are working well. They’re keeping us in that constant state. It’s time for change.”

McCourt said he was initially motivated to act by the threat posed by social media to his own seven children. “This internet is predatory. It’s doing a lot of damage to kids. We see the anxiety, the depression, and an epidemic now of children taking their lives,” he said.

To address the problem, McCourt is campaigning for a “new internet” which, he claims, would wrest control of the web away from major platforms like Instagram, YouTube, TikTok, or X. “These platforms have hundreds of thousands of individual attributes about each of us. And it’s not just where we shop or what we like to eat or where we physically are present. It’s about how we think, how we emote, how we react, how we behave,” he said.

McCourt envisions a new internet that he describes as an open-source, decentralized protocol where users control their own data, regardless of the social media app they use. Acquiring TikTok would give his project known as Project Liberty a whole new scale, bringing in its legions of users, mostly younger people, he said.

Project Liberty counts internet pioneer Tim Berners-Lee as a supporter, along with Jonathan Haidt, an NYU professor whose latest book, “The Anxious Generation,” argues that the effects of social media on young people have been devastating.

– ‘Undemocratic’ –

McCourt is not alone in eyeing the Chinese-owned platform, with Trump’s former secretary of the treasury, Steve Mnuchin, also advancing a bid. These plans, which some say are far-fetched, follow a bill signed by US President Joe Biden in April that gives TikTok 270 days to find a non-Chinese buyer or face a ban in the country. However, it is hardly a sure thing that TikTok will end up being for sale. The company is fighting the law in US courts, and the Chinese government has said it would not accept the divestment of one of the country’s most successful tech brands.

“The US government’s concern is that the data of 170 million Americans is being scraped and sent to China,” which “of course” poses a national security threat, McCourt said. However, he added, “I hope that this TikTok issue will make that light bulb go off for people, and they’ll realize (that even on other platforms) their data is being scraped and shipped somewhere.” “Maybe it’s not going to China, but it’s going somewhere controlled by someone who has everything about you, and that’s not correct. That’s undemocratic,” he said.

© 2024 AFP

Tags: internetsocial mediatechnology
Share18Tweet12Share3Pin4Send
Previous Post

Eurozone stocks hit after EU rebukes France

Next Post

Senate probe urges France stop importing Russian LNG

Emma Reilly

Emma Reilly

Related Posts

Tech

Eyeing robotaxis, Tesla hiring New York test car operator

August 14, 2025
Tech

Musk clashes with Altman after accusing App Store of favoring OpenAI

August 13, 2025
Tech

Chatbot Grok stirs confusion over suspension after Gaza claims

August 12, 2025
Tech

Perplexity AI offers Google $34.5 bn for Chrome browser

August 12, 2025
Tech

Trump meets with Intel CEO after demanding he resign

August 12, 2025
Tech

Trump says Nvidia to give US cut of China chip sales

August 11, 2025
Next Post

Senate probe urges France stop importing Russian LNG

Booking.com sounds alarm on AI-enabled travel scams

As UK election looms, Bank of England set to sit tight on rate

Asian markets swing as traders assess rates outlook

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Air Canada flight attendants strike over pay, shutting down service

August 16, 2025

Air Canada set to shut down over flight attendants strike

August 15, 2025

Louisiana sues Roblox game platform over child safety

August 15, 2025

After repeated explosions, new test for Musk’s megarocket

August 15, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.