Potential TikTok bidder seeks a CEO, prepares business overhaul

Australia News News

Potential TikTok bidder seeks a CEO, prepares business overhaul
Australia Australia Latest News,Australia Australia Headlines

U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok's business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters.

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

cards interface. Give it a try.U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok's business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters.

"When you give permission for your data to be used and you receive compensation, it's flipping this 180 degrees and giving the user the power," McCourt said this week. TikTok's appeal to the Supreme Court is a last-ditch effort to overturn a law signed by U.S. President Joe Biden that seeks to force a sale over national security concerns, or else the app will be banned on Jan. 19.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in AU
 

Australia Australia Latest News, Australia Australia Headlines



Render Time: 2025-01-20 22:53:14