O'Leary Eyes TikTok If Banned, But Keeping Users Poses Challenge
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O'Leary remains interested in buying TikTok if Congress bans Chinese ownership. He warned buyers will face challenges retaining TikTok's user base without its algorithms.
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TikTok's database is on Oracle servers in Texas, but its algorithms that drive engagement stay in China due to laws prohibiting their sale.
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Retaining users after an ownership change will be key, as seen in the 60% value drop after Elon Musk bought Twitter.
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Competition for buying TikTok will be fierce, but O'Leary touts his experience as a qualified steward.
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Bipartisan bill to ban TikTok passed the House but faces uncertainty, with some warning it gives the president too much authority over apps.