ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
Han Zheng, Chinese President Xi Jinping’s envoy at Trump’s Inauguration, discussed fentanyl, trade, and technology with Vance and Musk.
Content creator Jimmy Donaldson, known on the Internet as MrBeast, has made it clear he is interested in buying TikTok. Donaldson has the most subscribers of any user on YouTube— over 340 million—and boasts over 113 million TikTok followers.
If it were possible to short a public figure with maximum leverage, Elon Musk would surely be the top target. The political and enterprise value of “Musk Inc” is built on treacherous ideological sands.
Musk acquired X (then Twitter) in October 2022 after a highly publicized back and forth, in which he gave up on the acquisition midway but ultimately closed the deal, paying $44 billion for the platform. X's user base has been on a decline since the acquisition, and advertising revenues have plummeted.
Elon Musk is finally sharing his thoughts on the TikTok ban. On Saturday night, the app briefly went offline in the United States, months after the
Chinese officials reportedly want ByteDance Ltd. to remain the owners of TikTok but is in discussion on how to work with the Trump Administration.
I met with the owners of Tiktok, the big owners, it’s worthless if it doesn’t get a permit,” Trump said. “It’s worth like a trillion dollars.”
On the same day, Han had a separate meeting with Elon Musk, a close ally of Trump who also has a strong link with China thanks to his business interests there. Musk and Han discussed issues including trade and investment,
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Elon Musk has been a constant presence as Donald Trump charted out his second administration, writes Petula Martyn.