Frank McCourt announced on Monday that Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's U.S. operations as a strategic adviser specializing in social media.

Billionaire Frank McCourt said Reddit (NYSE:RDDT) co-founder Alexis Ohanian has joined his bid to buy TikTok U.S. He will be a strategic adviser specializing in social media, Reuters reported Monday.

TikTok experienced a brief outage, raising concerns about its future in the United States. Amidst these uncertainties, President Donald Trump vowed to revive the app, pledging his support to ensure its continued operation.