Frank McCourt’s Project Liberty Proposes Bid for TikTok’s U.S. Assets

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Frank McCourt, the billionaire entrepreneur and former owner of the Los Angeles Dodgers, has announced that his venture, Project Liberty, along with its consortium partners known as The People’s Bid, is making a formal proposal to acquire TikTok’s U.S. assets from ByteDance. This move comes ahead of the January 19 deadline set by a law signed by President Joe Biden, which mandates ByteDance to sell TikTok or face a potential ban in the U.S.

The consortium has not disclosed the exact value of the offer but assured that it has the financial backing to complete the deal. The group highlighted interest from private equity funds, family offices, and high-net-worth individuals, alongside debt financing from one of the U.S.’s largest banks, which will provide the necessary capital to execute the acquisition.

McCourt, who launched Project Liberty last year with the aim of acquiring TikTok’s U.S. operations, emphasized that the acquisition would ensure the platform’s continuity without reliance on the current TikTok algorithm, thereby avoiding a potential ban. He expressed optimism about working with ByteDance, President-elect Donald Trump, and the incoming administration to finalize the deal, ensuring that millions of Americans can continue to use the platform.

 

Brazil’s Lula Criticizes Meta’s Fact-Checking Changes as ‘Extremely Serious’

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Brazilian President Luiz Inacio Lula da Silva expressed strong concern on Thursday over Meta’s decision to overhaul its fact-checking program in the United States, calling it “extremely serious.” Lula, who was speaking to reporters in Brasilia, emphasized the importance of holding digital platforms accountable in the same way as traditional media outlets. He added that the issue would be discussed in a meeting with government officials later that day.

Meta’s decision to alter its fact-checking approach in the U.S. has drawn attention from Brazilian authorities, particularly amid an ongoing investigation into social media platforms’ handling of misinformation and online violence in Brazil. Following Meta’s announcement, Brazilian prosecutors demanded clarity on whether the changes would also apply to the South American country. Meta has yet to respond to the request through its office in Brazil, and the company was given 30 days to provide further details.

Brazil’s legal authorities, including Supreme Court Justice Alexandre de Moraes, have made it clear that tech companies must comply with local laws if they wish to continue operating in Brazil. In 2023, de Moraes oversaw a ruling that temporarily suspended the social media platform X in Brazil, a decision underscoring the country’s stance on enforcing accountability among digital platforms.

 

Meta Accused of Using Pirated Books for AI Training with Zuckerberg’s Approval

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Meta Platforms (META.O) is facing serious allegations from a group of authors, including Ta-Nehisi Coates and comedian Sarah Silverman, who claim that the company used pirated versions of copyrighted books to train its artificial intelligence systems, including the Llama language model. The authors argue that this use was approved by Meta’s CEO, Mark Zuckerberg, according to newly disclosed court documents.

The authors, who filed a lawsuit against Meta in 2023 for copyright infringement, allege that internal Meta documents, produced during the discovery phase of the case, show the company was fully aware that the books it used were pirated. Meta has yet to comment on the allegations.

The lawsuit focuses on Meta’s use of the AI training dataset LibGen, a repository of pirated books that the authors claim was distributed through peer-to-peer torrents. The new evidence presented by the authors suggests that Meta executives, including Zuckerberg, were aware that LibGen’s contents were pirated but chose to proceed with using the dataset. Internal Meta communications reportedly confirm this.

The authors are seeking to update their complaint, asserting that the new evidence strengthens their case for copyright infringement. The suit also brings renewed attention to the ongoing legal battles over the use of copyrighted materials to train AI systems, with defendants arguing that such uses may fall under “fair use” doctrine.

In a previous ruling, U.S. District Judge Vince Chhabria dismissed claims related to copyright infringement and the alleged unlawful stripping of copyright management information (CMI) by Meta’s chatbots. However, during a hearing on Thursday, Chhabria indicated that he would permit the authors to file an amended complaint, despite his doubts about the validity of the fraud and CMI claims.