Musk says he has no plans to buy TikTok

[BumRushDaShow]

Source: The Hill

02/08/25 8:03 PM ET


Tech billionaire Elon Musk said he is not interested in acquiring the video-sharing app TikTok, and has no plans regarding what he would do if he owned it.

Musk made the remarks during a virtual session at the WELT Economic Summit held on Jan. 28, as seen in a video released by The WELT Group on Saturday. “I haven’t made a bid for TikTok, nor do I have any plans regarding what I would do if I owned it,” Musk said.

U.S. lawmakers had initially planned to block TikTok due to national security concerns, but a ban on the platform was delayed. Shortly after taking office President Trump granted TikTok’s parent company, ByteDance, 75 more days before a ban could take effect.

This gave the platform time to find a US-based buyer to replace its Chinese ownership, as per legislation signed by former President Biden. Despite ByteDance stating that they are not planning to sell, some investors have shown interest in buying the company.

Read more: https://thehill.com/policy/technology/5134542-musk-says-he-has-no-plans-to-buy-tiktok/

[Midnight Writer]

1. He owns a powerful nation now. Why would he piddle around with another media company?

[cstanleytech]

2. Nicest thing Musk could do for everyone is to stroke out of this life.

[Gore1FL]

3. I kind of wish he would; the more leveraged he is against Tesla, the bigger the crash will be. nt

[PortTack]

4. He doesn't have that kind of money, and after his twitter fiasco, investors are not about to get burned again

[BumRushDaShow]

5. I saw this article a few days ago

Banks sell down $5.5 billion of Musk's X debt to investors, source says

[StarryNite]

6. They're in power now, no need for him to buy it.