Elon Musk stated that he had no intention of buying TikTok despite the speculation and proposition of Donald Trump. A popular video app is inactive facing a ban in the US, and its Chinese owner ByteDance is struggling with force to sale American assets. Meanwhile, Trump signals that TikTok's destiny is inactive an open issue.
Musk: “I have no plans for TikTok”
At the end of January, Elon Musk attended a conference organised by a German group WELT expressed no interest in taking over TikTok. He emphasized that he did not make any offers and sees no reason to buy an application he does not even use.
Musk pointed out that his business strategy seldom relies on taking over existing companies. The acquisition of Twitter (now X) was an exception. "I usually make companies from scratch," he added.
Read more: Who's the green gnome, which is the tiktoker Crawly Possessed?
TickTok inactive under pressure. What's Trump gonna do?
TikTok has long been targeted by American authorities who fear that user data may be sent to China. ByteDance received an ultimatum – she was expected to sale American TikTok operations by January 2025 or face an application ban in the US. TikTok denies always sharing data with the Chinese government.
Apple and Google did not reconstruct the app to their stores, which forced TikTok to let you to download installation files from their website.
Donald Trump, who previously tried to ban TikTok, now changes his position. He argues that he has “weakness to TikTok” and acknowledges his function in gaining the support of young voters. It considers different options, including the creation of a state fund that could buy the app.
What's next with TikTok?
TikTok's destiny in the United States is inactive uncertain. Trump talks to possible buyers, but ByteDance shows no desire to sell. Musk does not intend to engage in the subject, which leaves open space for another players. Will TikTok last the force of the American authorities?
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