As a gamer, I’ve got some news straight from TikTok’s mouth: Contrary to rumors buzzing around, there’s no truth to the talks about the Chinese government selling the app to tech tycoon Elon Musk. Just wanted to clear that up for all my fellow TikTokers!
In April 2024, TikTok is set to cease functioning within the United States, following President Joe Biden’s signing of a bill prohibiting the app earlier this year. The app was given an opportunity to maintain its presence in the country if its parent company, ByteDance, agreed to transfer ownership to an American entity.
Given this disclaimer, whispers started spreading that the Chinese administration was negotiating business deals with Elon Musk, CEO of X, regarding potential acquisitions. According to Bloomberg, China was contemplating a strategic action whereby Elon Musk would take over the American branch of TikTok to keep the app operational in North America.
According to a report by Variety, TikTok has silenced such speculation. At this point, the version of TikTok familiar to us in the U.S. may soon become a thing of the past.
TikTok claims reports of a sale to Elon Musk are “pure fiction”
When asked about the possibility of Elon Musk purchasing shares from ByteDance, a spokesperson for TikTok has been very clear in their refusal to discuss hypothetical situations. They stated, “We don’t feel it is appropriate for us to comment on such speculation.
Elon Musk hasn’t directly addressed rumors about him acquiring a majority stake in TikTok. However, considering his past involvement with prominent social media platforms, such a move wouldn’t be entirely unexpected.
2025, I’m facing a tough reality as a gamer – TikTok might be shutting down its U.S. operations on January 19. Despite their best efforts in court to delay the ban, it seems like every roadblock has been set for them.
Regardless of the hurdles, it’s anticipated that TikTok’s CEO, Shou Zi Chew, will contest the rulings against a potential review of the ban. It’s yet unclear if they can manage to preserve their control while continuing operations in the U.S.
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2025-01-14 16:18