- Elon Musk directly addresses ongoing TikTok acquisition speculation by stating he has no interest in acquiring the platform.
- Elon Musk prefers building companies from scratch rather than acquiring existing ones.
- The speculation about Elon Musk buying TikTok was fueled by comments from former U.S. President Donald Trump.
Elon Musk has addressed the ongoing rumors about him potentially acquiring TikTok, making it clear that he has no interest in buying the platform.
During a recent event hosted by WELT Group, Musk expressed his preference for creating new companies from scratch rather than buying existing ones. He noted that his acquisition of Twitter was a rare instance, driven by his dedication to upholding freedom of expression.
Musk’s comments come as TikTok faces obstacles in the U.S., such as potential bans due to concerns about national security stemming from its Chinese parent company. Despite these hurdles, ByteDance, the owner of TikTok, has consistently stated that it has no plans to sell its U.S. arm.
Various potential buyers have emerged, including tech giants like Microsoft and Oracle. Additionally, a consortium led by tech entrepreneur Jesse Tinsley has secured over $20 billion to put forth an offer for TikTok’s U.S. operations.
Musk’s position on TikTok is at odds with his views on government restrictions; he is against banning the app but has no desire to acquire it himself. His attention remains on creating new ventures rather than growing through acquisitions.
As conversations about TikTok’s future progress, various proposals are being considered to tackle national security issues while maintaining user access to the platform. This situation underscores the intricate regulatory challenges and market dynamics that major social media platforms face amid scrutiny over data privacy and geopolitical tensions.
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Last Updated on February 10, 2025 by 247 News Around The World
