Elon Musk has stated he has no intention of acquiring TikTok despite past speculation. Musk clarified his stance during a German conference, stating he has not made a bid and has no plans for the platform if he owned it. This comes amidst ongoing US security concerns regarding TikTok's Chinese ownership and potential ban.
The TikTok app page in the Apple App store on a smartphone arranged in the Queens borough of New York, US, on Wednesday, Jan. 15, 2025. Photographer: Gabby Jones/Bloomberg Elon Musk said he isn’t interested in buying TikTok, the popular social video app the U.S. has tried to ban over national security concerns with its Chinese owner Bytedance Ltd.
“I have not put in a bid for TikTok,” Musk said, joining the conference remotely via video, which was made public on Saturday. “I don’t have any plans for what would I do if I had TikTok.”“I’m not chomping at the bit to acquire TikTok,” said Musk, who bought Twitter in 2022 before renaming the social media service X. “I usually build companies from scratch.”
On Trump’s first day in office, he signed an executive order that temporarily halted a forced sale or shutdown of TikTok, giving the company and its Chinese parent more time to reach a deal. The order came hours after Trump’s inauguration, which was attended by Bytedance CEO Shou Chew.
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