Trump Suggests Musk or Ellison Could Acquire TikTok
January 22, 2025 - 12:00
In a recent statement, former President Donald Trump proposed that tech giants Elon Musk or Larry Ellison could potentially purchase TikTok, the popular social media platform. This suggestion follows his earlier notion of a joint venture, wherein he argued that the United States should be entitled to a significant share of the app's ownership. Trump emphasized the importance of national security concerns surrounding TikTok, which has faced scrutiny over its ties to China.
The former president's remarks have reignited discussions about the future of TikTok in the U.S. market, especially given the platform's massive user base and influence on social media trends. As regulatory pressures mount, the idea of a U.S.-based ownership could be seen as a solution to alleviate fears regarding data privacy and security. The involvement of high-profile figures like Musk or Ellison could also attract substantial investment and innovation to the app, shaping its trajectory in the competitive social media landscape.
MORE NEWS
May 12, 2026 - 19:00
It’s not just Canadian tourists snubbing U.S. cities. Business leaders are cancelling more trips to America as geopolitical tensions continueNew cell phone location data reveals that Canadian visits to major American cities have dropped by 42% compared to last year, a figure that far exceeds earlier estimates from tourism boards and...
May 12, 2026 - 04:59
JPMorgan’s Markets Business Is Booming After Record QuarterJPMorgan Chase & Co. reported that balances in its prime-brokerage business have climbed to an all-time high, as clients rush to capitalize on heightened market volatility. The bank`s markets...
May 11, 2026 - 17:58
Native American businesses have diversified beyond casinos to become a rural economic force. Trump is cutting off a lifeline that goes beyond tribesNative American-owned businesses have long moved beyond the stereotype of casinos and smoke shops. Today, they are a powerful economic engine in some of the most remote parts of the country,...
May 11, 2026 - 03:44
China expanding its industrial dominance, warns US business groupA major US business group has issued a stark warning that China is rapidly expanding its dominance across global industrial sectors, and that Western nations are running out of time to reduce their...