Now Reading: Reddit Co-Founder Alexis Ohanian Joins Bid to Buy TikTok
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Reddit Co-Founder Alexis Ohanian Joins Bid to Buy TikTok
Reddit co-founder Alexis Ohanian has joined a coalition of investors in what has been dubbed the “People’s Bid” to purchase TikTok amid mounting pressure from U.S. lawmakers to ban or force the sale of the Chinese-owned app.
The U.S. government has raised national security concerns over TikTok’s Chinese ownership, alleging that it could be used to spy on American users.
ByteDance, TikTok’s parent company, has resisted calls for a sale but faces legal challenges that could force a divestment.
Ohanian, a strong advocate for digital freedom, has proposed a U.S.-led ownership structure that would ensure data protection while keeping TikTok operational.
As regulatory battles intensify, the fate of TikTok in the U.S. remains uncertain.
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