TikTok following news that it plans to cease operations in the US this Sunday (January 19).The decision comes after the site and its parent company, ByteDance, lost an appeal against a law seeking to ban it.Last month, President-elect Donald Trump asked the US Supreme Court to delay a potential ban, saying he “opposes banning TikTok” and “seeks the ability to resolve the issues at hand through political means once he takes office”.Yesterday (January 14), Bloomberg reported that the Chinese government – which holds a significant stake in TikTok – was looking at various options for the app’s future.
One of these included the potential sale of the social media platform to tech billionaire Elon Musk.The rumours come following CEO of SpaceX and Tesla purchasing Twitter for a staggering $44billion in 2022 and rebranding it as X.
A potential sale to Musk was reported as being valued between $40billion and $50billion.Numerous reports shared that the Chinese government is reluctant to sell the app, and in December ByteDance claimed that it had no intentions to agree to a sale.
More recently, TikTok has denied the rumours that it will sell to Musk – saying, via Sky News: “We can’t be expected to comment on pure fiction.”Musk isn’t the only one with his name in the mix when it comes to buying TikTok.
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