“Shark Tank” investor Kevin O’Leary indicated that he might purchase social media platform TikTok if a suggested prohibition proceeds on Friday.
“Not going to get banned, because I’m going to buy it,” O’Leary said on Fox News’ “The Story” during an interview with anchor Gillian Turner. “Someone will purchase it, it won’t be Meta and it won’t be Google, because…regulator [will] prevent that.”
On Tuesday, a bipartisan House bill was revealed that would prohibit the popular app if its China-based parent company ByteDance does not sell it off . It was introduced by Reps. Mike Gallagher (R-Wis.) and Raja Krishnamoorthi (D-Ill.), who are both the top lawmakers on the House Select Committee on the Chinese Communist Party.“This is worth billions, it’s one of the most successful advertising platforms in social media today,” O’Leary continued. “All my companies use it, I’ll buy it.”
If the bill becomes law, ByteDance would have more than five months to sell off TikTok. If it does not do that, the platform will become illegal to distribute on an app store or web hosting platform in the U.S.
“This bill is an outright ban of TikTok, no matter how much the authors try to disguise it. This legislation will trample the First Amendment rights of 170 million Americans and deprive 5 million small businesses of a platform they rely on to grow and create jobs,” TikTok spokesperson Alex Haurek told The Hill.
Last year, a Republican-supported bill that tried to prohibit TikTok was criticized by Democrats over how it could potentially infringe on free speech.
President Biden stated that he will approve the bill if it passes through Congress on Friday. encroach “If they pass it, I’ll sign it,” Biden informed reporters Friday.
“Shark Tank” investor Kevin O’Leary indicated that he might purchase social media platform TikTok if a suggested prohibition proceeds on Friday. “Not going to get banned, because I’m going to buy it,” O’Leary said on Fox News’ “The Story” during an interview with anchor Gillian Turner. “Someone will purchase it, it won’t be Meta and… said he will sign the bill if it makes it through Congress Friday.
“If they pass it, I’ll sign it,” Biden told reporters Friday.
