Frank McCourt Jr. says buying TikTok would help him bring the U.S. one step closer to a new Internet. But billionaire Frank McCourt Jr., 71, tells Entrepreneur in a new interview that he and his business partners are "completely ready to buy TikTok" — and they "don't need or want the algorithm." McCourt announced his $20 billion offer for TikTok in May 2024, calling it The People's Bid for TikTok. Frank McCourt Jr.Why Frank McCourt's Bid for TikTok Is DifferentMcCourt is working towards creating a new Internet, and TikTok is a stepping stone to get there. "We're advocating for a new, better, advanced Internet where individuals own and control their identity and their data," McCourt said.