DIRS.INFO The most relevant business & tech news

☆ Billionaire Frank McCourt’s Project Liberty proposes bid for TikTok’s U.S. assets
▼ + stars: | 2025-01-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

Entrepreneur and former Los Angeles Dodgers owner Frank McCourt’s Project Liberty and its consortium of partners in The People’s Bid said on Thursday they proposed to make a formal bid to ByteDance to buy TikTok’s U.S. assets. The move comes ahead of a Jan. 19 deadline by which ByteDance has to sell the platform or face a ban under a law signed by President Joe Biden on April 24. McCourt and his firm Project Liberty formed the consortium last year to buy social media platform TikTok in the United States. “By keeping the platform alive without relying on the current TikTok algorithm and avoiding a ban, millions of Americans can continue to enjoy the platform. We look forward to working with ByteDance, President-elect Trump, and the incoming administration to get this deal done,” McCourt said in a statement.

Persons: Frank McCourt’s, ByteDance, Joe Biden, McCourt, Trump, ” McCourt Organizations: Los Angeles Dodgers, Liberty, U.S, ByteDance Locations: United States

☆ TikTok ban solution? ‘Shark Tank’s’ Kevin O’Leary and billionaire Frank McCourt want to buy the app
▼ + stars: | 2025-01-09 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt has made a formal offer to buy TikTok from its China-based parent company, ByteDance. TikTok is the first Chinese social media app to become a global success that competes with American tech giants. TikTok's parent company ByteDance has repeatedly said it has no interest in selling the American version of the app. “We want to eliminate the misconception that it can’t sell because no one will buy it without the algorithm. NOT true,” O’Leary said in an X post Wednesday, after announcing he was joining the bid to buy the app earlier this week.

Persons: Frank McCourt, Kevin O’Leary, ByteDance, TikTok’s, Joe Biden, “, ”, McCourt, TikTok, Tim Berners, Lee, Donald Trump, Greg Baker, ” McCourt, Trump, ” O’Leary Organizations: New, New York CNN, Los Angeles Dodgers, Guggenheim Securities, Getty, Liberty, ByteDance Locations: New York, China, United States, AFP

☆ Billionaire Frank McCourt's Project Liberty bids for TikTok ahead of Supreme Court arguments
▼ + stars: | 2025-01-09 | by ( Russell Leung | ) www.cnbc.com time to read: +2 min

Just 10 days before the U.S. ban on TikTok goes into effect, businessman Frank McCourt's internet advocacy nonprofit Project Liberty announced Thursday it has submitted a proposal to buy the social media site from Chinese technology company ByteDance. Project Liberty and its partners, known as "The People's Bid for TikTok," would restructure the app to exist on an American-owned platform and prioritize users' digital safety, the project said in a statement. "We've put forward a proposal to ByteDance to realize Project Liberty's vision for a reimagined TikTok – one built on an American-made tech stack that puts people first," McCourt, Project Liberty's founder, said in the statement. A Project Liberty spokesperson said the nonprofit was not disclosing the financial terms of the offer but confirmed that ByteDance has received the proposal. The Supreme Court will hear oral arguments on the ban, which was signed into law by President Joe Biden last April, on Friday.

Persons: Frank, We've, " McCourt, ByteDance, Joe Biden, TikTok, Kirkland, Kevin O'Leary, Tim Berners, Lee Organizations: Project Liberty, Liberty, Liberty's, CNBC, U.S ., Appeals, District of Columbia Circuit, Foreign, Guggenheim Securities, Ellis Locations: U.S, American, TikTok

☆ Stock futures inch lower as Wall Street readies for the final trading week of 2024: Live updates
▼ + stars: | 2024-12-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2024. Stock futures were slightly lower in overnight trading Sunday evening ahead of the last few trading sessions of 2024. Futures tied to the Dow Jones Industrial Average dipped 45 points, or 0.1%., while S&P 500 futures edged down 0.06%. The S&P 500 has returned 1.3% on average during this period since 1950, according to LPL Financial. This week ushers in a light period for economic data, with the market closed Wednesday in observance of New Years Day.

Persons: Tavis McCourt, Raymond James, CNBC's, Bell, We've Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Investors, Santa Claus, PMI Locations: New York City, U.S

☆ Watch CNBC's full interview with Stephanie Guild, Ali Flynn Philips, and Tavis McCourt
▼ + stars: | 2024-12-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stephanie Guild, Ali Flynn Philips, and Tavis McCourtStephanie Guild, Robinhood head of investment strategy; Ali Flynn Philips, Obermeyer Wealth Partners president and partner; and Tavis McCourt, Raymond James institutional equity strategist, join CNBC's 'Closing Bell' to discuss market outlooks going into the new year.

Persons: Stephanie Guild, Ali Flynn Philips, Tavis McCourt Stephanie Guild, Robinhood, Tavis McCourt, Raymond James, CNBC's Organizations: Obermeyer Wealth Partners

☆ Year-end broadening is long overdue, says Raymond James' Tavis McCourt
▼ + stars: | 2024-12-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYear-end broadening is long overdue, says Raymond James' Tavis McCourtStephanie Guild, Robinhood head of investment strategy; Ali Flynn Philips, Obermeyer Wealth Partners president and partner; and Tavis McCourt, Raymond James institutional equity strategist, join CNBC's 'Closing Bell' to discuss market outlooks going into the new year.

Persons: Raymond James ' Tavis McCourt Stephanie Guild, Robinhood, Ali Flynn Philips, Tavis McCourt, Raymond James, CNBC's Organizations: Obermeyer Wealth Partners

☆ Frank McCourt, the billionaire who wants to buy TikTok, says the path to a sale is murky because 'we don't know what ByteDance is selling'
▼ + stars: | 2024-12-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Billionaire businessman Frank McCourt has made a $20 billion bid to buy TikTok without its algorithm. He told Business Insider the path toward a sale is murky since ByteDance isn't entertaining talks. Frank McCourt, the billionaire businessman who wants to buy TikTok, told Business Insider that, despite a Friday court ruling allowing the TikTok ban's looming January 19 deadline to proceed if the company isn't sold, the path to a sale remains unclear because "we don't know what ByteDance is selling." AdvertisementHowever, he said, "It's very, very difficult to have precision" regarding the specifics of a potential sale because "let's be clear, we don't know what ByteDance is selling." ByteDance, TikTok's China-based parent company, has so far refused to entertain talks over a potential sale, McCourt said.

Persons: Frank McCourt, TikTok, isn't, McCourt, Steven Mnuchin, Bobby Kotick, who've, ByteDance, they're, Ellis, Jack Dorsey, Chelsea Manning, Elon Musk's, he's Organizations: Activision, Project Liberty, Chinese Communist Party, Reuters, Appeals, District of Columbia, Business, Guggenheim Securities, Kirkland, Twitter, Army, Meta Locations: TikTok's China

☆ TikTok owner ByteDance is now China's biggest buyer of Nvidia chips as it seeks to lead AI race, report says
▼ + stars: | 2024-12-09 | by ( Kenneth Niemeyer | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

AdvertisementByteDance is the biggest buyer of Nvidia's AI chips inside China as the TikTok owner seeks to establish itself in the artificial intelligence sector, the Financial Times reported. One is the H100 — a coveted chip that powers data-hungry AI models and has helped turn Nvidia into a $3 trillion company amid the global AI boom. Despite the US regulation and China's pleas, ByteDance has emerged as Nvidia's largest buyer of AI chips, sources who spoke to FT said. The TikTok owner's push to acquire more Nvidia chips is part of the company's broader effort to establish itself as an AI powerhouse. Sources familiar with the matter told the FT that the company is building an AI chip for machine learning modeled after Google's Tensor Processing Unit.

Persons: hasn't, ByteDance, Bytedance, Kevin O'Leary, Steven Mnuchin, Frank McCourt, McCourt, Trump Organizations: Financial Times, Nvidia, Blackwell, Business, Big Tech, Dodgers Locations: China, Asia, Malaysia

☆ What Ultrawealthy Investors Who Want to Buy TikTok Would Do With It
▼ + stars: | 2024-12-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Related Video TikTok could be banned in US after House vote"Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed, and hypothetical information, resulting in outright censorship of the American people," TikTok's statement read. With the app's uncertain future in the United States, a slate of ultrawealthy investors has expressed interest in buying the social media platform. AdvertisementHere's what those who've said publicly that they want to buy TikTok would do with the platform if they acquired the app. Advertisement"Now that the Court has spoken, The People's Bid is prepared to move forward with our bid for TikTok," McCourt's statement reads. Walmart and the software company Oracle also assembled a bid to buy TikTok in 2020, but TikTok ultimately defeated Trump's orders in court and the acquisition plans did not materialize.

Persons: they've, TikTok, Kevin O'Leary, Frank McCourt, who've, O'Leary, Steven Mnuchin, Mnuchin, Bobby Kotick, Kotick, Sam Altman, McCourt, Ellis, Donald Trump, ByteDance, Trump's Organizations: Appeals, District of Columbia Circuit, Dodgers, Business, CNBC, TikTok, Bloomberg Television, Street, Activision, Allen, Co, Kotick, McCourt Global, Liberty, Guggenheim Securities, Kirkland, Microsoft, Walmart, Oracle, Business Insider Locations: United States, China, America, Beijing, American

☆ Watch CNBC's full interview with Raymond James' Tavis McCourt and Crossmark's Victoria Fernandez
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Raymond James' Tavis McCourt and Crossmark's Victoria FernandezTavis McCourt, Raymond James institutional equity strategist, Victoria Fernandez, Crossmark Global Investments chief market strategist, and Warren Pies, 3Fourteen Research co-founder, join 'Closing Bell' to discuss each expert's outlook for equities.

Persons: Raymond James ' Tavis McCourt, Victoria Fernandez Tavis McCourt, Raymond James, Victoria Fernandez, Warren Organizations: Crossmark Global Investments, 3Fourteen Research

Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.

Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, — Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,

☆ What the next Trump presidency could mean for US education
▼ + stars: | 2024-11-17 | by ( Katie Lobosco | Devan Cole | ) edition.cnn.com time to read: +12 min

Here are some of the things Trump has pledged and how or whether they could become reality:Abolishing the Department of EducationPledge: Trump has repeatedly said he will close the federal Department of Education, sending authority over education back to the states and saving taxpayer dollars. Trump has distanced himself from the policy paper, but a CNN review found that at least 140 people who worked in the first Trump administration were involved. How it could be done: It’s not clear how the Trump administration could achieve these goals. But the new Trump administration could set certain requirements that schools must meet to receive federal funding. The Trump administration could decide to rescind the repayment plan, which was created by a regulatory process.

Persons: Donald Trump, ”, “, Trump, Joe Biden, Betsy DeVos, Robert Enlow, Brian Snyder, ” Trump, Derrell Bradford, Biden, it’s, It’s, Vanessa Kelly, Thomas Toch, Georgetown University’s, ” Toch, Gene J, –, doesn’t, Congress –, Trump’s, Obama Organizations: Washington CNN —, ”, Department of Education, of Education, Education, Labor, Department of Health, Human Services, Heritage Foundation, CNN, of Education’s, Civil Rights, Department of Justice, Department of Treasury, Base Andrews, Reuters Universal, Trump, Vance, “, Fox Business, Republican, Children, IX, GOP, Biden, Department, Justice, Georgetown, Georgetown University’s McCourt School of Public, Penn State University, 8th, Public, Congress Locations: Maryland, Washington

Election officials in pivotal battleground states including Pennsylvania, Michigan and Arizona have all tried – and largely failed – to fact-check Musk in real time. Election officials say they are simply outmatched up against Musk’s followers and the X algorithm. “Election officials, they have a very hard job – their job is to be election officials not to be Tweeters,” said Renée DiResta, an expert in disinformation and an associate research professor at Georgetown University’s McCourt School of Public Policy. Election officials in Pennsylvania are similarly attempting to fact-check Musk’s false claims on X but acknowledge those efforts are unlikely to stymie the spread of election lies. In Georgia, election officials see little point in trying to engage with Musk directly, instead turning to the method they relied on in 2020 to beat back misinformation: Regular press conferences with election officials rebutting the latest election falsehoods.

Persons: CNN — Elon, CNN they’re, “ I’ve, ”, Stephen Richer, “ We’ve, ” Richer, Donald Trump, Joe Biden, –, Jocelyn Benson, ” Benson, Musk, Benson, “, Renée DiResta, Georgetown University’s, DiResta, “ It’s, Nina Jankowicz, I’d, Elon Musk, Jim Jordan’s, they’ve, ” Jankowicz, I’ve, ” Sen, Mark Warner, X, Nick Pickles, Pickles Organizations: CNN, Republican, Trump, Georgetown, Georgetown University’s McCourt School of Public, Musk’s America PAC, American Sunlight, Meta, Republicans, Democrats, Capitol, Virginia Democrat, Global Affairs Locations: Pennsylvania, Michigan, Arizona, Maricopa County, Wolverine, Georgia

☆ Dodgers beat Yankees to win second World Series of franchise’s new ‘golden era’
▼ + stars: | 2024-10-30 | by ( Andy Mccullough | ) www.nytimes.com time to read: +12 min

An eighth-inning rally capped by sacrifice flies by second baseman Gavin Lux and outfielder Mookie Betts put the Dodgers in front. This title, the eighth in franchise history, can stand beside the Dodgers’ trophy from the pandemic-shortened season in 2020. The precedent feels preposterous until you consider the current Dodgers who will one day join them in the Hall of Fame. “Mark,” he told Freeman, “wants to win really bad.” That desire became clear to Ohtani when he met with the Dodgers. After Freeman launched his grand, Gibsonian walkoff in Game 1 against the Yankees, the Dodgers got the job done.

Persons: Walker Buehler, Buehler, Tommy John, Freddie Freeman, Gerrit Cole, Blake Treinen, Gavin Lux, Mookie Betts, Figueroa, Ohtani, Yoshinobu Yamamoto, Dave Roberts, Andrew Friedman, ’ ” Friedman, Jackie Robinson, Sandy Koufax, Don Drysdale, Duke Snider, Roy Campanella, Pee Wee Reese, Roberts, Friedman, Mark Walter, Frank McCourt, Walter’s, Walter, Stan Kasten, Kasten, ” Kasten, Justin Turner, Joc Pederson, gaffes, Trevor Bauer, groused, Max Scherzer, Jake Cronenworth, Lance Lynn, Eddie Rosario, “ We’ve, ” Roberts, “ That’s, Yamamoto, Freeman, “ Mark, ”, “, Tyler Glasnow, Teoscar Hernández, Ippei Mizuhara, Betts, Glasnow, ’, Max Muncy, “ We’re, ” Muncy, Yu Darvish, Gibsonian, Jack Flaherty, Cole, Aaron Judge, Anthony Volpe, Hernández, Alex Vesia, Graterol, Juan Soto, Soto, Giancarlo Stanton lofted, Flaherty, Treinen toiled, Daniel Hudson, Treinen, Jazz Chisholm, Treinen steeled, Stanton, Anthony Rizzo, Volpe, Wells, Alex Verdugo, Elsa, Getty Organizations: New York Yankees, Los Angeles Dodgers, Dodgers, Yankee, homering, Yankees, Dodger, Boys, of Fame, Walter’s Guggenheim Baseball Management, Atlanta Braves, Washington Nationals, National League West, Tampa Bay Rays, American League East, ”, Houston Astros, Boston Red Sox, Hall of Fame, Navy, National League, Arizona Diamondbacks, Athletic, Diamondbacks, San Diego Padres, of Famers, Padres, New, Yankees miscues, Buehler Locations: Brooklyn, Southern California, Cooperstown, West, Arlington , Texas, Los Angeles, “, Arizona, Atlanta, Lux, Treinen

☆ The future of Obamacare hangs on a few seats in Congress. Here's what could happen next
▼ + stars: | 2024-10-01 | by ( Annie Nova | ) www.cnbc.com time to read: +7 min

"I'm not running to terminate the ACA," former President Donald Trump wrote in a Truth Social post in March. That is, unless he could "come up with a plan that's going to cost our people, our population, less money and be better health care than Obamacare." Around 60% of Americans hold a favorable opinion of the 2010 health care law, a recent KFF poll found. The Harris campaign released a report on Monday that paints a dire picture of health care under a hypothetical Trump administration. The average ACA plan deductible, or amount a person must spend before their coverage kicks in, was over $3,000 in 2024, with some plan deductibles exceeding $7,000, KFF found.

Persons: Charles Schumer, Hakeem Jeffries, Chip Somodevilla, Donald Trump, Trump, Barack Obama's, Cynthia Cox, Cox, they'll, Harris, it's, Joseph Costello, " Costello, Joe Raedle, Deductibles, KFF, Sabrina Corlette, Georgetown University's, Mark Duggan, Wayne, Jodi Cooperman, they're Organizations: Affordable, U.S, Capitol, Senate, Obamacare, American, ACA, Cox, Leading Insurance Agency, Democratic, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Stanford University, Republicans, Congressional, Office, KFF Locations: Washington ,, KFF, Miami , Florida, Texas , Wyoming, Florida

☆ TikTok's legal showdown begins: Here's what's at stake
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTikTok's legal showdown begins: Here's what's at stakeFrank McCourt, Project Liberty founder, joins 'Squawk Box' to discuss TikTok's court hearing today to stop a possible ban or sale of the all in the U.S., the national security risk posed by the app, his plans to buy TikTok, and more.

Persons: Here's, Frank McCourt Organizations: Liberty Locations: U.S

☆ Watch CNBC’s full interview with Trivariate's Adam Parker, Requisite’s Bryn Talkington and Raymond James' Tavis McCourt
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate's Adam Parker, Requisite’s Bryn Talkington and Raymond James' Tavis McCourtTrivariate's Adam Parker, Requisite’s Bryn Talkington and Raymond James' Tavis McCourt, join 'Closing Bell' to discuss market sentiment and breadth and their expectations for the Fed and earnings.

Persons: Trivariate's Adam Parker, Requisite’s Bryn Talkington, Raymond James ' Tavis McCourt, Adam Parker Organizations: Fed

☆ Trump wants to make IVF free. Democrats, Republicans and experts are dubious
▼ + stars: | 2024-09-10 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Former President Donald Trump says that he wants to make in vitro fertilization treatments free of cost, either by requiring insurance companies to cover the procedure or federally funding it. "Because we want more babies, to put it very nicely," Trump said at a campaign rally in Michigan on Aug. 29. Since then, neither Trump nor his campaign has offered details on how such a plan might be paid for. But health care experts are skeptical that Trump could implement such a policy on his own. And winning support for free IVF among his fellow Republicans in Congress could prove exceptionally difficult.

Persons: Donald Trump, Trump, Kamala Harris, Alina Salganicoff, Salganicoff, Sabrina Corlette, Georgetown University's Organizations: U.S, Alro Steel, Trump, Democratic, KFF, Affordable, Center, Health, Georgetown, Georgetown University's McCourt School of Public Locations: Potterville , Michigan, Michigan, Women's

☆ Raymond James' Travis McCourt says he's bracing for 'the third unwind' in the consumer
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaymond James' Travis McCourt says he's bracing for 'the third unwind' in the consumerTravis McCourt, Raymond James institutional equity strategist, joins 'The Exchange' to discuss the markets as he anticipates a third unwind coming for the markets.

Persons: Raymond James, Travis McCourt

Instead of giving up, Colonel Sanders embraced the changes sweeping society. Even after he sold his company, he scorned the idea of retirement, staying on as a consultant and board member and embodying his Colonel Sanders persona in commercials and more. For decades, as a middle-class wife, mother and secretary living in Queens, she kept the pilot light on by taking tiny parts in tiny plays with tiny audiences. Wilder's "Little House" books, treasured by millions, became an enduring chronicle of family life on the American frontier. Four years later, she reconnected with her junior high crush and high school boyfriend, Harry Kullijian.

Persons: Estelle Getty, Rue McClanahan, Bea Arthur, Betty White, Mick Jagger, lopes, Roctogenarians, Harland David Sanders, Sanders —, —, Colonel Sanders, Sanders, they'd, Sophia Petrillo, Henri Matisse, Matisse, Norman Lear, Rita Moreno, Lear, Laura Ingalls Wilder, Frank McCourt, hilariously, Carol Channing, Harry Kullijian Organizations: Social, Bluegrass State, KFC Locations: Corbin , Kentucky, Kentucky, American, York's, Queens, East, Hollywood, Limerick, Ireland

☆ Oracle warns that a TikTok ban would hurt business
▼ + stars: | 2024-06-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

A U.S. ban of TikTok might hurt Oracle 's business, the software company acknowledged in its annual report on Monday. TikTok said Oracle would also be responsible for compiling the app and delivering it to third-party app stores. "The one thing I can tell you is we have an excellent relationship with the folks at TikTok," Oracle CEO Safra Catz said on a 2022 conference call with analysts. Following the bipartisan legislation this year targeted at TikTok, and Biden's signing of the bill mandating its sale, TikTok filed a lawsuit arguing that the law violates First Amendment free speech protections. Oracle's cloud infrastructure revenue for the fiscal year came to $6.9 billion.

Persons: Safra, Oracle, Joe Biden, Donald Trump, Weeks, TikTok, Safra Catz, Frank McCourt, Steven Mnuchin, Oracle hasn't, TikTok didn't, Carnegie's Peter Harrell Organizations: Oracle, Capitol, Palantir Technologies, Oracle Corp, Hamas, Microsoft, U.S . Treasury Department Locations: Washington, Israel, Gaza, U.S, China, TikTok, Texas

☆ Billionaire Frank McCourt's TikTok bid wins key backer as he looks past app's prized algorithm
▼ + stars: | 2024-06-06 | by ( Emily Wilkins | ) www.cnbc.com time to read: +1 min

Frank McCourt, civic entrepreneur, executive chairman of McCourt Global and founder of Project Liberty, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. "I don't want to be the CEO of a social media platform. His pitch has drawn a key group: Parents whose children died after being influenced by social media or bullied on various platforms. He founded the non-profit Project Liberty to build a healthier version of social media. Project Liberty is working with Guggenheim Securities and law firm Kirkland & Ellis to buy the viral video platform.

Persons: Frank McCourt, McCourt, Frank's, Sam Chapman, Sammy, Chapman, Kirkland, Ellis Organizations: McCourt Global, Project Liberty, Everything, Liberty, Guggenheim Securities Locations: New York City, U.S

☆ 'Shark Tank' star Kevin O'Leary said he wants to crowdfund buying TikTok
▼ + stars: | 2024-05-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Kevin O'Leary said on Tuesday that he wants to crowdfund buying TikTok. The move comes after US lawmakers agreed on a plan to ban Chinese-owned TikTok unless it is sold. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The "Shark Tank" investor said on Tuesday that he set up a crowdfunding website to gauge interest in collectively buying the social media platform. The site allows anyone to "reserve" spots to become investors in the potential US version of TikTok.

Persons: Kevin O'Leary, Frank McCourt, Steven Mnuchin, —, It's Organizations: Los Angeles Dodgers, Service

☆ Billionaire real estate investor Frank McCourt wants to buy TikTok — but he's not interested in the algorithm
▼ + stars: | 2024-05-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewReal estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business. Related stories"We thought this was a really fantastic opportunity to accelerate the creation of an alternative internet," McCourt told the Associated Press. McCourt wants to change TikTok's basic business to an open-source model that allows users and creators more control over their data. McCourt told the New York Times that he doesn't want the algorithm. "We doubt very much that China would sell TikTok with the algorithm," McCourt told the Times.

Persons: —, Frank McCourt, McCourt, Kirkland, Ellis, TikTok, Forbes, Tim Berners, Lee, TikTok . McCourt, Eric Schmidt, Steven Mnuchin, he's Organizations: Service, Guggenheim Securities, Business, Associated Press, Liberty, Los Angeles Dodgers, Big Tech, New York Times, Times Locations: China

☆ The Billionaire Frank McCourt Mounts Bid to Buy TikTok
▼ + stars: | 2024-05-15 | by ( Lauren Hirsch | Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

The billionaire Frank McCourt has put up his hand. Mr. McCourt said Wednesday he was working to put together a group of bidders to buy the social media app. His goal in doing so is to rethink how TikTok, and the internet overall, use data and consider privacy. “This seemed like a great opportunity to actually create the alternative to the current internet, which has been colonized by large platforms and including TikTok,” Mr. McCourt said in an interview. He said the deal could help users “control their identity, own and control their data.”

Persons: Frank McCourt, McCourt, Jonathan Haidt, Mr, ” Organizations: Los Angeles Dodgers, Facebook, Liberty

Search resuls for: "" McCourt"

25 mentions found