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.
Speaking at a summit hosted by The WELT Group, Musk clarified, “I have not put in a bid for TikTok,” adding that he does not use the app and is unfamiliar with its format. “I usually build companies from scratch,” he said, referencing his rare acquisition of Twitter (now X).
The U.S. government has been pressuring TikTok’s Chinese owner, ByteDance, to divest its U.S. assets due to national security concerns. Despite a January 19 deadline to sell or face a ban, ByteDance has denied any intention to sell TikTok. Meanwhile, Apple and Google have yet to reinstate TikTok to their app stores, prompting TikTok to offer Android downloads via its website.
Trump, who previously attempted to ban TikTok, now credits the app with helping him connect with young voters. He has suggested a decision on TikTok’s future will be made soon and recently signed an executive order to create a sovereign wealth fund that could potentially buy the app.
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Washington, D.C., February 19, 2025 – U.S. President Donald Trump announced on Air Force One that he is in discussions with Chinese officials regarding TikTok, as the United States seeks to broker a sale of the popular social media app, Reuters reported.
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TikTok may be back online for now, but its long-term fate in the United States remains uncertain. A temporary pause on a ban, granted by President Trump’s executive order delaying enforcement, has bought the company some time—but a final resolution is still pending.
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TikTok shuts down in the U.S. ahead of ban; Trump hints at 90-day reprieve after taking office Monday.
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TikTok faces a looming U.S. ban as the app awaits a potential 90-day reprieve under President-elect Trump. Users, businesses, and partners brace for uncertain days ahead.
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