Elon Musk has little interest in buying TikTok’s American enterprise from Chinese language firm ByteDance based on new public feedback.
In a just lately launched video interview on the WELT Financial Summit, the DOGE chief mentioned he doesn’t use the app and couldn’t discover motivation to pursue a purchase order.
“I have not actually put in a bid for TikTok, I don’t have any plans for what I would do if I had TikTok,” Musk informed the German discussion board.
Musk went on to say he doesn’t usually buy firms and solely does so when he can see an altruistic motive.
“I do not acquire companies that’s quite rare. Acquiring Twitter, now called X, was highly unusual. I usually build companies from scratch,” Musk mentioned.
“The reason I acquired Twitter, which is what I said at the time, was that it was important to preserve freedom of speech in America and to the extent that we are legally allowed to, to the rest of the world,” he mentioned.
The world’s richest man went on to say buying X was an “important, productive step for the future of humanity.”
“I don’t know if the same logic applies to TiKTok,” Musk mentioned, including the acquisition of the ByteDance owned app would have purely financial advantages.
Congress handed a ban on the Chinese language owned app final yr — however President Trump halted that motion and has given the corporate extra time to pursue a purchaser for its American enterprise.
The president has beforehand endorsed the thought of first buddy buying TikTok from ByteDance — saying he “would be” supportive of Elon buying the app “if he wanted to buy it,” at a information convention final month.
Now, Vice President JD Vance has been tasked with overseeing the sale of the social media big that has 170 million customers in the US.
President Trump halted the congressionally permitted ban on his first day in workplace, suspending its removing from American app shops for 75-days.
