Elon Musk has no real interest in buying TikTok’s American enterprise from Chinese language firm ByteDance in line with new public feedback.
In a not too long ago 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’ve not really put in a bid for TikTok, I don’t have any plans for what I might do if I had TikTok,” Musk instructed 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 cause.
“I don’t purchase firms that’s fairly uncommon. Buying Twitter, now referred to as X, was extremely uncommon. I normally construct firms from scratch,” Musk mentioned.
“The rationale I acquired Twitter, which is what I mentioned on the time, was that it was necessary to protect freedom of speech in America and to the extent that we’re legally allowed to, to the remainder of the world,” he mentioned.
The world’s richest man went on to say buying X was an “necessary, productive step for the way forward for humanity.”
“I don’t know if the identical 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 “can be” supportive of Elon buying the app “if he wished to purchase it,” at a information convention final month.
Now, Vice President JD Vance has been tasked with overseeing the sale of the social media large that has 170 million customers in america.
President Trump halted the congressionally accepted ban on his first day in workplace, suspending its elimination from American app shops for 75-days.