ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
Chinese government officials are reportedly mulling selling TikTok's US operations to Elon Musk to avoid a complete ban in the country.
After years of rejecting the idea of a sale of TikTok’s US assets to an American buyer in order to avert a ban, China and ByteDance may have found an owner they could live with: Elon Musk.
Americans are going to lose access to TikTok in less than a week, unless China green-lights a sale to what Congress has deemed a non-adversary of the United States — something China is unlikely to do but might.
Musk acquired X (then Twitter) in October 2022 after a highly publicized back and forth, in which he gave up on the acquisition midway but ultimately closed the deal, paying $44 billion for the platform. X's user base has been on a decline since the acquisition, and advertising revenues have plummeted.
TikTok denied a report that China is exploring a sale of the app to Elon Musk to keep TikTok operational in America amid a looming U.S. ban.
The president-elect and Joe Biden are reportedly exploring legal avenues for keeping the app accessible. Meanwhile, a growing list of entrepreneurs are said to be weighing a buyout.
TikTok's future in the United States depends entirely on the incoming president's support. President-elect Trump will be pushing for investors to come see his show.
Donald Trump has said that he will “most likely” give TikTok a 90-day delay to its ban in the US once he is in office.
TikTok is good for Trump, and for one simple reason: It is a maelstrom of disinformation so gargantuan that even Elon Musk-controlled Twitter fails to compete.
Questions loom over TikTok's future after a U.S. ban went into effect Saturday. Do workarounds like VPNs work? Will it come back? What we know so far.