Frank McCourt announced on Monday that Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's U.S. operations as a strategic adviser specializing in social media.

In a significant development in the ongoing discourse around TikTok’s future in the U.S., Alexis Ohanian, renowned technology entrepreneur and venture capitalist, has announced his role as a Strategic Advisor for The People’s Bid for TikTok.

According to Reuters, venture capitalist Alexis Ohanian, the co-founder of Reddit, is joining businessman Frank McCourt in his bid to buy TikTok in the U.S. "He has that broad portfolio of experience … of where social media was and, I think, a keen understanding of where it’s evolving," McCourt told Reuters.