TRUMP SUPPORTS TIKTOK SALE TO MUSK, ELLISON, DEMANDS 50% CUT FOR US
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US President Donald Trump has expressed willingness for Elon Musk, the owner of Tesla and X, to purchase TikTok.
The app was recently banned in the United States due to national security concerns related to its Chinese ownership.
The ban, which took effect on Sunday, temporarily disabled the app, leaving over 170 million US users without access.
As part of the ban, TikTok was also removed from the Apple and Google app stores to comply with federal regulations.
On his first day in office, Trump signed an order to delay the ban for 75 days, allowing TikTok to resume operations.
After signing the order, Trump suggested that the US should receive 50% of any profits generated from a potential sale of TikTok in a business deal.
Trump said, “I have met with the owners of TikTok, the big owners. So, what I am thinking about saying to somebody is ‘buy it and give half to the United States of America.”
He further warned China against interfering in the sale, labelling any obstruction as “hostile” and threatening tariffs of up to 100 per cent.
When a reporter asked during a press briefing if he was open to Musk buying the platform, Trump said yes and also mentioned Larry Ellison, Oracle’s co-founder, as another possible buyer.
“I would be if he (Musk) wanted to buy it. I’d like Larry to buy it, too. I have the right to make a deal. The deal I think is this. TikTok is worthless if it doesn’t get a US permit. With a permit, it’s worth like a trillion dollars.
“So what I’m thinking about saying to somebody is ‘buy it and give half to the United States of America and we’ll give you a permit and you’ll have a great partner in the United States and they’ll have something that is more valuable because they have the ultimate partner in the United States,” Trump said.
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