MrBeast not quite in bidding race for TikTok just yet
As the fate of TikTok hangs in the balance, one of the world’s most popular and successful content creators has announced a bid to buy it. 💰💸Limited time! Get TheStreet Pro’s quarterly call for free.
Jimmy Donaldson stirred interest in a Jan. 13 post on X saying he’d “buy TikTok so it doesn’t get banned.”
Donaldson posted a jokey message on X on January 13 that read, "Okay fine, I'll buy Tik Tok so it doesn't get banned." A day later,
Jimmy Donaldson, better known as MrBeast, has teamed up with Employer.com CEO Jesse Tinsley and other investors in an all-cash offer for the social platform.
Social media influencer MrBeast says he'd buy TikTok to keep it from being banned. Elon Musk reportedly is interested in buying the app as well.
It’s not clear if TikTok’s owner ByteDance has seriously considered the offer, Bloomberg reported. Others floated as potential buyers include Elon Musk, Amazon, Oracle, and a syndicate headed by billionaire Frank McCourt.
On January 21, 2025, the Paul Hastings Law Firm shared a blog post stating they’re advising a “syndicate of investors” in a 100 per cent cash offer for TikTok’s US operations and “various assets” from ByteDance.
MrBeast denies meme coin rumors, stating he has no plans to launch one despite recent speculation and tons of social media buzz.
The platform is in need of saving in the United States, where approximately 170 million people have TikTok accounts. On Friday, the U.S. Supreme Court upheld a federal law that will ban the platform on Jan. 19 unless TikTok’s China-based owner ByteDance divests its U.S. operations.
President Trump signed an executive order delaying the enforcement of the TikTok ban for 75 days and proposed that the U.S. should “own 50%” of the platform.
President Donald Trump gave the social media platform more time to comply with a law that requires it to divest its Chinese ownership.