- cross-posted to:
- economy
- cross-posted to:
- economy
Summary
China is reportedly considering a plan for Elon Musk to acquire TikTok’s U.S. operations to avoid a potential ban, according to Bloomberg.
The move would satisfy a U.S. law requiring ByteDance to divest TikTok by Jan. 19 due to national security concerns.
If not resolved, U.S. service providers supporting TikTok could face penalties.
The plan, still preliminary, would have Musk oversee TikTok U.S. alongside X.
ByteDance’s awareness of the plan is unclear.
It’s standard procedure to deny that a sale is happening untill the moment of no return because public reactions to the sale can impact negotiations. Rumors like the are denied no matter what, even if they’re true.
So we can’t believe them, but we also can’t say for sure their lying. Basically we just have to wait and see.
Bloomburg also has some of the worst tech reporting in the business