HomeInvestmentsElon Musk is No Longer Interested in Buying TikTok

Elon Musk is No Longer Interested in Buying TikTok

Tesla and SpaceX CEO Elon Musk is no longer interested in expanding his social media platform portfolio. Musk, who already owns X (former Twitter), said during a recent public appearance that he has no plans to bid for TikTok.

TikTok, owned by China-based Bytedance, has faced scrutiny from the U.S. government due to national security concerns. Despite being used by more than 170 million Americans, the social video app was briefly banned in January in an effort to force Bytedance to sell its U.S. operations.

Musk has been mentioned as one of the potential bidders for TikTok due to his ties with China, where Tesla has a manufacturing plant. However, the wealthiest man in the world said that he doesn’t have an interest in buying the app.

“I have not put in a bid for TikTok,” Musk said during a recent appearance at a conference in Germany. “I don’t have any plans for what would I do if I had TikTok.”

“I’m not champing at the bit to acquire TikTok,” he added, saying that he doesn’t use the app personally.

After the initial ban, TikTok was temporarily made available again. However, the move was made in order to give Bytedance more time to orchestrate a sale and another shutdown still remains a possibility.

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