Elon Musk Says He Doesn’t Want to Buy TikTok’s US Business
Published On Feb 8, 2025, 2:20 PM
Elon Musk publicly stated that he does not intend to buy TikTok's US business, dismissing any notion that he has placed a bid or plans to acquire the social video platform. His comments came during a conference in Germany, where he expressed a lack of enthusiasm for the platform and noted that he does not personally use it. This decision indicates a potential relief for TikTok and its parent company, ByteDance, amidst ongoing scrutiny and regulatory challenges related to potential national security risks. Musk commented that buying Twitter was an exception to his general approach of building companies from scratch, emphasizing that he is not actively seeking deals in the technology space beyond his current commitments.
Stock Forecasts
TSLA
Positive
Given Musk's high-profile rejection of the TikTok acquisition, it could stabilize public sentiment around ByteDance and alleviate some pressure regarding TikTok's potential sale. Tesla, however, might experience volatility based on the continued regulatory scrutiny of technology and internet platforms as evidenced by TikTok's situation.
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