There are quite a lot of People who’re fearing the subsequent two weeks, and Shark Tank might ease their fears. The US authorities has mentioned it is going to ban TikTok because it believes the Chinese language firm that owns it is going to share People’ private data with the Chinese language authorities. The identical emotions are usually not shared with American firms like X, which might additionally share folks’s private data with the U.S. authorities.

Nonetheless, there may be one one that believes he can save TikTok. It’s a Shark Tank star, and he has a plan.

Why Does the USA Need to Ban TikTok?

For the previous few years, TikTok has turn into one of the best social media platform on the planet. In 2024, Fb nonetheless reigned supreme with 3.1 billion lively customers, adopted by YouTube with 2.5 billion. TikTok ranks beneath WhatsApp and Instagram (each owned by Meta, identical as Fb) with 1.6 billion customers.

Nonetheless, there are folks within the U.S. intelligence group who imagine that the corporate that owns TikTok might share the knowledge it collects from American customers with the Chinese language authorities. Because of this, the U.S. needs to ban TikTok on this nation to guard American’s privateness from the international nation.

The date for its banning is January 19. This might be devastating for the U.S. economic system, although. The TikTok ban might price U.S. small companies round $1.3 billion in income and earnings in only one month. That’s how essential this social media instrument has turn into for promoting. Shedding that a lot cash without delay would severely harm the economic system and reduce into earnings and spending for the nation.

Nonetheless, Shark Tank star Kevin O’Leary, 70, has a plan to avoid wasting TikTok and shield America’s pursuits. He mentioned that he has a plan in place to purchase the corporate, however he wants assist to make this occur.

Shark Tank Star Kevin O’Leary Needs To Purchase TikTok

Kevin O’Leary was on Fox Information’ The Story with Martha MacCallum on Monday and spoke about his want to purchase TikTok earlier than it’s banned. Nonetheless, he mentioned that he can’t do it with out assist from President-elect Donald Trump. This might occur since Trump has mentioned he needs to avoid wasting TikTok as nicely.

“Trump will likely be who we now have to work with to shut the deal within the months forward. So I needed to let him know, in addition to others in his cupboard, that we’re doing this, and we’re going to wish their assist,” O’Leary mentioned (through The Wrap). O’Leary additionally mentioned that he would accomplice with former Los Angeles Dodgers proprietor Frank McCourt within the buyout.

“This isn’t nearly shopping for TikTok’s U.S. belongings. It’s about one thing a lot greater: defending the privateness of 170 million American customers. It’s about empowering creators and small companies. And it’s about constructing a platform that prioritizes PEOPLE over algorithms,” he mentioned.

What are your ideas on the Shark Tank star probably saving TikTok and billions of American {dollars}? Tell us your ideas within the feedback beneath.