In a recent turn of events, Reddit co-founder Alexis Ohanian has made a bold move to join a deal that aims to bring TikTok under US ownership. This decision comes as a response to the Trump administration’s threat of a nationwide ban on the popular video-sharing app.

Ohanian, who is also known for his successful venture capital firm Initialized Capital, has joined forces with other investors to help TikTok avoid the looming ban. The deal involves a partnership between Oracle and Walmart, with the former taking a 12.5% stake in the company and the latter taking a 7.5% stake. The remaining 80% will be owned by TikTok’s parent company, ByteDance.

This move by Ohanian is not only a strategic business decision, but also a personal one. As a father to a young daughter, he understands the impact that TikTok has on the younger generation and the potential loss they would face if the app were to be banned. He believes that TikTok has the potential to be a valuable platform for creativity and self-expression, and he wants to ensure that it continues to thrive in the US market.

The deal is still awaiting approval from the US government, but Ohanian remains optimistic about its success. He believes that this partnership will not only save TikTok from a ban, but also create thousands of jobs and generate significant revenue for the US economy.

Ohanian’s involvement in this deal has sparked excitement and hope among TikTok users and investors alike. With his expertise and influence, he is sure to play a crucial role in securing the future of the app in the US. As the situation continues to unfold, all eyes are on Ohanian and his team to see how they will navigate this challenging yet promising opportunity.