According to reports, the Supreme Court justices “sound likely” to uphold the TikTok ban, which is scheduled to go into effect on January 19.
President-elect Donald Trump has asked the Supreme Court to delay the ban, which will begin one day before his inauguration, unless it is sold to a new non-Chinese owner.
TikTok’s parent company, ByteDance, has indicated it is not open to a forced sale.
Investor Kevin O’Leary, aka “Mr. Wonderful,” spoke with Fox News to discuss his proposed bid to take over TikTok.
Trey Gowdy: Welcome back to Sunday Night in America. I’m not sure how many Supreme Court justices are on TikTok, but worldwide, billions of young people are. So lots of eyes were on the court with a looming ban.
Is there a workaround that preserves national security and maintains the platform? Is there a way to satisfy concerns and still keep teenagers from starting World War III? And speaking of big tech, Facebook has done an about-face. I wonder if it’s because their preferred candidate did not win the election in November. No, I don’t think that could be it, could it?
(clip of Mark Zuckerberg): After Trump first got elected in 2016, the legacy media wrote nonstop about how misinformation was a threat to democracy. We tried in good faith to address those concerns without becoming the arbitors of truth. But the fact-checkers have just been too politically biased and have destroyed more trust than they’ve created, especially in the US. What started as a movement to be more inclusive has increasingly been used to shut down opinions and shut out people with different ideas, and it’s gone too far.
Trey Gowdy: It took him how long to figure that out? Mark Zuckerberg donated a million dollars to the Trump Inauguration fund. I mean, pocket change to him. I doubt it’s enough to make up for years of bias, but we shall find out.
Let’s ask one of the consummate deal-makers in the world. They call him Mr. Wonderful, but he also answers to Kevin O’Leary. Welcome, sir. Why don’t you buy TikTok, move the server to the United States, address the mental health concerns for young people, and that way everybody is happy and you’re richer.
Kevin O’Leary: Well, that’s about to happen if we get the right judgment from the Justices at the Supreme Court, hoping to get that this week. They had the hearing on Friday. I listened to every word.
What we’re deciding now is to either uphold the order of Congress, bipartisan order, to shut down TikTok.
But I don’t want it shut down. It’s not good for my businesses. It’s not good for 6 million other small businesses in America that make a living off it. We just need to take out the onerous piece, the spyware. That’s what Congress was upset about.
And so our offer, my syndicate, along with Frank McCourt, we’ve put together an offer that actually we don’t want to buy the algorithm, that one of the issues the company claimed in their case to the Supreme Court was no one’s going to buy it without the algorithm.
That’s not true. We’ll buy it without the algorithm because we can’t use it. That’s spyware.
We’re going to rebuild the product and make it much better, actually. We’re hoping that this is really a binary outcome. If the Justices is a rule for upholding the law, it will go back to the executive that’s currently Biden.
If he can see a valid purchase offer, which we have, we’ve sent it to the company, all the shareholders and the Chinese government, they have it now. He’ll say, ‘Look, I think you guys should negotiate in good faith. We’ll offer you, if you wish, negotiate a 90-day stay of execution’, so to speak. Then we’ll be working for Donald Trump at 12:05 on January 20th.
This is a very complicated bipartisan deal. It’s what we want to do to save the platform for Americans. I think it’s the right thing to do. The company should want that, too. This is the only path I see forward.
Let’s see what happens. It’s going to be a very interesting week. I spent a fair amount of time, as we have in our syndicate, speaking to both the Republicans and the Democrats on a bipartisan basis. Donald Trump, I just got back an hour ago from Mar-a-ago, and I know my counterparts have been doing the same with Biden. We really want to keep this thing going.
Watch:
The post Kevin O’Leary Discusses Bid to Take Over TikTok appeared first on The Gateway Pundit.