Trump wants to 'save' TikTok. One rescuer could be Elon Musk.
Published On Jan 14, 2025, 7:54 AM
Former President Donald Trump proposes to 'save' TikTok with the help of Elon Musk, amidst discussions about selling TikTok's U.S. operations to him. This comes as Chinese officials weigh the potential sale following a U.S. law that could force a sale by January 19. Musk's potential acquisition could enhance the value of his social media platform X (formerly Twitter) and could face fewer regulatory hurdles under Trump's new administration. Meanwhile, other investors, including Kevin O'Leary, have shown interest in acquiring TikTok for up to $20 billion.
Stock Forecasts
TSLA
Positive
The involvement of high-profile figures like Elon Musk and Trump could lead to a significant shift in TikTok's business strategy, potentially averting a ban in the U.S. This has implications for investors in tech and social media, particularly in how the acquisition plays out and its impact on existing platforms.
X
Positive
If Musk were to acquire TikTok, this could significantly increase user engagement on X, enhancing its competitiveness in the social media space, ultimately boosting TSLA’s stock value due to a diversified business portfolio.
META
Positive
The ongoing discussions around TikTok's fate, including equitable offers from Musk and O'Leary, can enhance the media attention on tech stocks, making them more attractive to investors and shifting market dynamics.
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