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The Chinese government is considering a plan that would have Elon Musk Get TikTok’s US operations to prevent the app from being effectively banned, Bloomberg News notify on monday
The emergency plan is one of the options China is considering as the US Supreme Court decides by January 19 whether China-based ByteDance must comply with a law requiring it to liquidate TikTok’s US business, the report said, citing anonymous sources.
After that period, it would penalize third-party internet service providers for supporting TikTok’s operations in the country.
Under the plan, Musk would oversee X and TikTok’s US business, which he currently owns, Bloomberg said. However, Chinese government officials have not yet decided whether they will move forward, the report said, noting that the plan is still preliminary.
It is unclear whether ByteDance is aware of the Chinese government’s plans and TikTok and Musk’s involvement in the discussions, the report said. Top Chinese officials are discussing contingency plans involving TikTok’s future in the US as part of broader discussions about working with the president-elect. Donald Trumpthe report added.
A TikTok spokesperson said in an email to CNBC: “We cannot be expected to comment on pure fiction.” X did not immediately respond to a request for comment.
Last week, the Supreme Court held oral arguments on the law that could ban TikTok President Joe Biden they signed in April. TikTok’s legal team argued that the law violates the free speech rights of millions of US users, while the US government said ByteDance’s ownership of TikTok poses a national security risk.
With the Supreme Court ruling in favor of the government, TikTok could turn to Trump when his second term begins on January 20. Trump, who supported the TikTok ban during his first administration, has since reversed course on the issue. At the end of last month, he he requested The Supreme Court intervened and forcibly delayed the implementation of Biden’s ban to give time to find a “political solution”.
Trump’s rhetoric on TikTok began to change after that they met in February With billionaire Jeff Yass, a Republican megadonor and a major investor in ByteDance, who also has an ownership stake. Social TruthTrump’s social media company.
