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Reddit Co-Founder Backs Blockchain Plan in TikTok Acquisition Bid
- Reddit co-founder Alexis Ohanian has joined a bid to acquire TikTok's U.S. operations.
- The bid aims to integrate blockchain technology for better user data control.
- Competing bids from major tech firms challenge Ohanian and McCourt's blockchain vision.
- The goal is to establish a new social media model where user data is owned by individuals.
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