"Shark Tank" Investor Kevin O'Leary's Plan to Save TikTok from US Ban: A Deep Dive
"Shark Tank" investor Kevin O'Leary proposes plan to save TikTok from US ban, focusing on user privacy and interoperability.
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"Shark Tank" Investor Kevin O'Leary's Plan to Save TikTok from US Ban: A Deep Dive
The specter of a US ban looms over TikTok, the wildly popular short-form video platform, raising concerns about user privacy, data security, and national security. Amidst this uncertainty, "Shark Tank" investor Kevin O'Leary, known for his shrewd business acumen and the catchphrase "Mr. Wonderful," has emerged as a potential savior, proposing a novel acquisition plan that seeks to address these concerns and safeguard TikTok's future in the US. The Threat of a Ban: The threat of a US ban stems from the "Protecting Americans from Foreign Adversary Controlled Applications Act," signed into law by President Biden. This legislation mandates the divestiture of TikTok from its Chinese parent company, ByteDance, within a specific timeframe, failing which the app faces removal from US app stores. This move reflects growing concerns among US lawmakers regarding the potential for TikTok's Chinese ownership to enable the Chinese government to access user da…