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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.
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I give it 12 hours before Trump magically starts supporting the tiktok ban that he’s been so against for the past year or so. And he’ll say he’s always been for banning it and how banning it supports Only True American Media. Etc etc etc.
Turns out, there is a state worse than “dead”.
And Tiktokers are moving to RedNote lmao. It hit number one download on Apple I think recently.
Bytedance/TT put out a statement that this is BS
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
Article seems to suggest that the government might be trying to make these plans without ByteDance’s knowledge
It’s unclear whether ByteDance knows about the Chinese government’s plans and TikTok and Musk’s involvement in the discussions, the report said. Senior Chinese officials are debating contingency plans involving TikTok’s future in the U.S. as part of larger discussions about working with President-elect Donald Trump, the report added.
A TikTok spokesperson said in an email to CNBC, “We can’t be expected to comment on pure fiction.” X didn’t immediately respond to a request for comment.
This is the source, which is being cited by others: https://www.thewrap.com/tiktok-dismisses-report-of-elon-musk-sale-as-pure-fiction/
And the original source of the rumor is Bloomberg.
Well, on the upside TikTok wouldn’t be used by the CCP for spying and propaganda. On the downside it would be used by Musk for spying and propaganda. I’d rather just see it banned.
Tiktok says “lol, no.”
And if you thought he was bad before. Just you wait.
It’s time to switch to Loops.
Well, that’s one way to get people to stop using it, I guess.
Most people aren’t as obsessed about Musk as your average Lemmy user
It’s less about people’s personal feelings about him and more that he turns everything he touches into a pile of shit that only a fanboy could love.
It’s not binary like that. Just because one doesn’t avoid everything he touches like the plague doesn’t mean they’re a fanboy then. Most people simply don’t care.
I mean, people care that the user experience goes downhill after he takes over. The only people claiming Twitter isn’t hot garbage are the ones who actively like him.
It was hot garbage before Musk and people still kept using it. The world is not binary like that.
Nobody on lemmy is obsessed with numbnuts.
My front page says otherwise.
False.
Make him pay $300 billion for it.
lmao I just can’t take this seriously anymore. I don’t care.
If true, this is so incredibly dystopian.
Maybe the Chinese govt thinks Musk will be some combination of cooperative, and that his ownership will generally undermine the US, especially in respect to issues they’re interested in.
It’s not.
Musk & Trump have been talking about defunding CISA, FTC and SEC - that is, removing information security oversight, consumer protection oversight and financial oversight.
Musk is financially linked to China through EV battery production. It’s no stretch of the imagination to think the PRC has some influence over him, which they’ve been building for more than a decade. So, Musk buys TikTok and expands his reach over social media (public influence), the PRC continues to have access for surveillance and influence campaigns, and Trump also benefits from the surveillance and influence. Everybody gets a piece of the action, and the federal agencies which would investigate, expose and attempt to block these relationships are disabled.
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