TikTok, a social media platform, refuted rumors that China is considering selling Elon Musk’s U.S. businesses, calling the claims “pure literature.”
According to a statement, Chinese officials were considering Musk’s merger of TikTok’s U.S. assets in an effort to avoid a possible restrictions under U.S. legislation that is scheduled to go into effect on January 19.
According to the report, which cited unnamed sources, Musk is a strong candidate for such a deal because of his history of successful business relations in China and his connection with Beijing.
” We can’t be expected to post on natural fiction”, a TikTok director told .
The U. S. state has raised fears about TikTok’s Chinese rights, citing national security threats. Politicians have said they fear the game could lead to data use, security, or advertising.
The Protecting Americans from Foreign Adversary Controlled Applications Act, which requires TikTok’s family business ByteDance to sell its TikTok interest or face a global restrictions, was passed by Congress last season.
TikTok has filed an appeal against the restrictions to the Supreme Court, pointing out how it violates the 170 million Americans ‘ First Amendment right.
On January 10, the Supreme Court heard TikTok’s crisis elegance, but appeared more susceptible to the president’s place.
If the moratorium money, Apple, Google, and web hosting providers may prevent TikTok’s circulation in the U. S. unless ByteDance meets with the rules.
Musk, Misinformation, and Crypto Ties
Discussions about Musk’s control in technology and politics have sparked speculation linking him to a TikTok acquisition.
Since acquiring X, formerly Twitter, in 2022 for$ 44 billion, Musk has wielded the platform to sway public sentiment, including in the political and crypto spaces.
Notably, his tweets and endorsements have heightened sentiment around cryptocurrencies like Dogecoin ( DOGE ), which saw significant price increases as a result of his remarks.
During the 2024 presidential poll, Musk’s messages apparently amplified election propaganda, with a (CCDH) record flagging at least 87 of his comments as false or misleading.
Musk’s connection with President-elect Donald Trump, the Republican candidate in the 2024 election, also set off concerns.
The billionaire used Twitter to share Trump’s campaign narratives It also led the Dogecoin price to a three-year high when Musk teased the establishment of a Department of Government Efficiency ( D. O. G. E. ) under the President-elect’s administration.
TikTok’s fate hangs in the balance as the ban deadline approaches. The platform continues its fight for the right to access the accounts of millions of Americans.
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