Billionaire Reddit Founder Joins Growing Ranks of TikTok Bidders

Reddit co-founder Alexis Ohanian has joined a bid led by real estate mogul Frank McCourt to buy TikTok and stave off a US ban, becoming the latest big industry name to covet a slice of the Chinese-owned social media phenom.

Ohanian, who founded the popular Q&A service in his 20s, joins a growing roster of industry and media celebrities hoping to acquire ByteDance Ltd.’s prized asset. Tech entrepreneur Jesse Tinsley is leading a competing group of investors, who include YouTube star Jimmy Donaldson (better known as MrBeast).

Alexis Ohanian

Photographer: Chandan Khanna/AFP/Getty Images

President Donald Trump has given the company until April to orchestrate ...