Trump Teases TikTok Ban: ‘Stay Tuned for Big Updates!’

Trump Considers Elon Musk or Larry Ellison as Potential Buyers for TikTok

In recent developments surrounding TikTok, former President Donald Trump has expressed openness to the idea of Tesla CEO Elon Musk or Oracle chairman Larry Ellison purchasing the popular social media platform. This proposal could potentially create a joint venture with the U.S. government, sparking interest among tech enthusiasts and investors alike.

Trump’s Remarks on TikTok Acquisition

During a press conference held on Tuesday, Trump responded positively when asked if he would support Musk’s acquisition of TikTok, stating, “I’d like Larry to buy it, too.” This statement indicates a strategic interest in the app, which has been under scrutiny due to security concerns.

Executive Order and TikTok’s Future

On Monday, Trump signed an executive order that delayed the TikTok ban deadline by 75 days. He instructed the Department of Justice not to impose penalties associated with the ban, allowing TikTok to remain operational for the time being. However, the app is still not available for download in major app stores.

Proposed Joint Venture Structure

To facilitate TikTok’s continued operation in the U.S., Trump is considering a proposal that would allow the government to issue a permit to operate in exchange for a 50% ownership stake in the app. He stated, “I have the right to make a deal,” emphasizing his intent to negotiate a favorable arrangement.

  • Key Proposal: The U.S. government would receive half of TikTok.
  • Permits: Musk or Ellison would be granted the necessary permits to operate the platform.

Conclusion

The potential involvement of high-profile business leaders like Elon Musk and Larry Ellison could significantly impact TikTok’s future in the United States. As negotiations progress, many are watching closely to see how this situation unfolds. For more information on the latest tech news, visit TechCrunch.

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