On Friday, President Joe Biden voiced his support of an advancing bill aiming to crack down on the social media app TikTok over concerns that its Chinese parent company, ByteDance, compromises data security — with U.S. officials warning that China's intelligence laws could leave the user information that TikTok collects vulnerable to prying eyes. While the ban would not be outright, it would move to bar it from U.S. app stores if ByteDance doesn't sell it. And one well-known businessman is already eyeing the possibility.
In a recent appearance on Fox News’ “The Story,” “Shark Tank” investor Kevin O’Leary spoke to anchor Gillian Turner about the financial benefits of the app, especially in terms of advertising in the U.S., saying that he plans to swoop in and save it. "[It's] not going to get banned, ‘cause I’m gonna buy it,” O’Leary said. "Somebody’s going to buy it, it won’t be Meta and it won’t be Google, ‘cause…regulator [will] stop that.”
