The billionaire Frank McCourt is launching a “people’s bid” to buy the app, replace its addictive algorithm, and give users greater control of their data. Is it a publicity stunt or a sincere attempt to reform the digital age?
I don’t know enough about this group andnplannto know whether the ownership structure would work and be independent. But the broad idea of collective ownership instead of a shareholder mentaloty oght bebgood for many companies. Too many are entirely focused on anything that will boost the share price rather than what is best for the company and customers.
The more interesting link thank a paywalled article is to the actual Project Liberty programme to try and buy tiktok: https://www.projectliberty.io/peoples-bid-for-tiktok/
I don’t know enough about this group andnplannto know whether the ownership structure would work and be independent. But the broad idea of collective ownership instead of a shareholder mentaloty oght bebgood for many companies. Too many are entirely focused on anything that will boost the share price rather than what is best for the company and customers.