Elon Musk | foto: Bloomberg
Elon Musk is currently the richest person on the planet and you would be hard pressed to find a more controversial person among the rich. In addition to Tesla and SpaceX, Musk also owns the X social network and is quite heavily involved in politics. It certainly has a global influence, greater than is generally perceived and from the looks of it, it may expand even more in the foreseeable future.
A controversial billionaire and an even more controversial network
The Chinese social network TikTok is a thorn in the side of almost the entire world, and the government in the USA is the one most at the mercy of it. With a potential ban hanging over it, ByteDance, the company behind the network, is making contingency plans in case that happens. He has until January 19, 2025, when the ultimatum imposed on the network by the United States Supreme Court expires.
By that date, ByteDance must sell its US stake in the network or face a complete ban across the US. As it seems, Musk may enter the game, who could become the buyer of that American share of TikTok. A reputable agency reported on this interesting fact Bloomberg.
Will billionaire Musk buy TikTok’s US stake? | photo: CBNC
Will China go to America’s hand?
The sale of the American stake to Elon Musk is said to be in play in case the company is not interested in fighting the ban in some way. This is a way for the Chinese government to work with President-elect Trump and people in his administration, including Musk, who is a big supporter and has a lot of influence over him.
Although TikTok is owned by ByteDance, its fate in the US will be decided by the Chinese government. In this potential scenario, the US stake would go to X Corp., which owns the social network X (formerly Twitter). This would mean that Musk would run both companies and more or less have the 170 million American TikTok users in the US fall into his lap.
Musk as the king of AI
This acquisition would have a lot of benefits for Musk, and in addition to the huge number of potential users, it would also benefit him in the field of AI. This is because he would gain access to a huge amount of data generated by TikTok, which could significantly help him in the development and improvement of AI. We’ll see how this situation plays out in the end and we’ll certainly continue to monitor it.
Source: mobilizujeme.cz
