Elon Musk says he is not interested in buying TikTok
Billionaire Elon Musk has stated that he is not interested in purchasing TikTok, despite speculation following U.S. President Donald Trump’s remarks suggesting he could buy the app.
"Frankly, we have no choice. We have to save it," Trump said at a rally on Sunday ahead of his inauguration, adding that the U.S. will seek a joint venture to restore the short-video sharing app used by 170 million Americans.
In a message to users hours before the rally, TikTok said: "As a result of president Trump's efforts, TikTok is back in the U.S."
TikTok also issued an earlier statement after U.S. users reported being able to access the Chinese-owned service's website while the far more widely used TikTok app itself began coming back online for some users with just a few basic services. As of Sunday evening, the app remained unavailable for download on U.S. app stores.
"In agreement with our service providers, TikTok is in the process of restoring service," TikTok said in the earlier statement that also thanked Trump for "providing the necessary clarity and assurance to our service providers that they will face no penalties (for) providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thrive."
TikTok’s public thanks to Trump, the day before he takes office, comes at a tense moment in U.S.-China relations. Trump has said he intends to place tariffs on China but has also indicated he hopes to have more direct contact with China’s leader.
The Chinese Embassy in Washington on Friday accused the U.S. of using unfair state power to suppress TikTok. "China will take all necessary measures to resolutely safeguard its legitimate rights and interests," a spokesperson said.
TikTok stopped working for U.S. users late on Saturday before a law shutting it down on national security grounds took effect on Sunday. U.S. officials had warned that under Chinese parent company ByteDance, there was a risk of Americans' data being misused.
Trump said he would "extend the period of time before the law's prohibitions take effect, so that we can make a deal to protect our national security."
"I would like the United States to have a 50% ownership position in a joint venture," he wrote on Truth Social.
Trump said the executive order would specify there would be no liability for any company that helped keep TikTok from going dark before his order.
Trump had earlier said he would most likely give TikTok a 90-day reprieve from the ban after he takes office, a promise TikTok cited in a notice posted to users on the app.
"A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can't use TikTok for now. We are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office. Please stay tuned," a message notified users of TikTok, which disappeared from Apple (AAPL.O), opens new tab and Google app stores late on Saturday.
Trump saving TikTok represents a reversal in stance from his first term in office. In 2020, he aimed to ban the app over concerns the company was sharing Americans' personal info with the Chinese government. More recently, Trump has said he has "a warm spot in my heart for TikTok," crediting the app with helping him win over young voters in the 2024 election.
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