Reddit Co-Founder Alexis Ohanian Joins Bid to Acquire TikTok's U.S. Operations

Frank McCourt's 'People's Bid' seeks to address national security concerns and give users control over their data on a decentralized platform.

Alexis Ohanian, co-founder of Reddit, has joined Frank McCourt's bid to acquire TikTok's U.S. assets as a strategic adviser.
The bid, called 'The People's Bid,' aims to rebuild TikTok's algorithm on a decentralized blockchain platform to enhance user data control and security.
The group, which includes Kevin O’Leary and other high-profile backers, has reportedly secured $20 billion in investor commitments for the acquisition.
President Trump has set an April 5 deadline for ByteDance to sell TikTok's U.S. operations or face a federal ban on the app.
ByteDance's engagement in the sale process remains unclear, and other bidders, including tech entrepreneur Jesse Tinsley and YouTube star MrBeast, have also expressed interest.