TikTok Dismisses Report Of Sale To Elon Musk As “Pure Fiction”

The New Diplomat
Writer

Ad

Nigerian-Canadian, ex-Raptors president Masai Ujiri hails latest United Nations role

By Obinna Uballa Former Toronto Raptors president Masai Ujiri has expressed excitement over his appointment as a United Nations Sustainable Development Goals (SDG) Advocate. The announcement, made on Thursday in a release by his foundation, Giants of Africa, confirms Ujiri’s inclusion in a select group of global leaders championing efforts to eradicate poverty and hunger,…

Jonathan eyes 2027 options as brother knocks reports of ex-President Stepping down

By Obinna Uballa Goodluck Jonathan's cousin, Azibaola Robert, has denied reports suggesting that the former president has withdrawn from the 2027 presidential race, insisting he has not ruled himself out as consultations continue across the country. The rebuttal followed a publication claiming Jonathan had opted out to protect Southern unity. The report, titled “Jonathan Rejects…

GTCO pumps N365.9bn into Bank to meet CBN capital base as Anxieties heighten in Financial Sector

By Obinna Uballa Guaranty Trust Holding Company Plc (GTCO) has injected N365.9 billion into its banking arm, Guaranty Trust Bank Limited (GTBank), to meet the Central Bank of Nigeria’s (CBN) revised minimum capital requirement for lenders with international licences. In a filing with the Nigerian Exchange Limited and the London Stock Exchange on Friday, GTCO…

Ad

By Kolawole Ojebisi

Social media platform, TikTok, has described as “pure fiction” the report making the rounds that Chinese officials are considering the sale of its United States operations to the co-founder and Chief Executive Officer of Tesla, Elon Musk.

Tiktok made this categorical denial while responding to a Bloomberg report which alleged that such a move might be an option if the US Supreme Court upholds a looming ban on the app.

“We can’t be expected to comment on pure fiction,” a TikTok spokesperson told BBC News.

The Supreme Court is set to rule on a law requiring TikTok to sell its US operations by 19 January or face a ban in the country.

Despite the ongoing legal challenge, TikTok has repeatedly stated its refusal to sell its US operations.

Bloomberg’s report, citing unnamed sources, suggested that one scenario under consideration by Chinese officials could see Musk’s social media platform, X, take over TikTok’s US business.

As a close ally of US President-elect Donald Trump, Musk’s ties have sparked speculation about his role in resolving the matter.

Trump, who will return to the White House on 20 January, recently urged the Supreme Court to delay its decision until he takes office, aiming to seek a “political resolution.”

In a legal brief, Trump’s lawyer stated that the president-elect “opposes banning TikTok” and wants to address the issue through political means.

Trump’s position appears to have been bolstered by a recent meeting with TikTok’s CEO, Shou Zi Chew, at Mar-a-Lago. Meanwhile, Democratic lawmakers Senator Edward Markey and Representative Ro Khanna have called for an extension of the 19 January deadline.

During a Supreme Court hearing last week, justices appeared likely to uphold the legislation. National security concerns dominated the nearly three-hour session, with the Biden administration arguing that TikTok poses risks of espionage and political manipulation if it remains under Chinese ownership.

TikTok has consistently denied any influence by the Chinese Communist Party, asserting that the proposed ban violates its users’ First Amendment rights.

Ad

X whatsapp