Summary
China is reportedly considering a plan for Elon Musk to acquire TikTok’s U.S. operations to avoid a potential ban, according to Bloomberg.
The move would satisfy a U.S. law requiring ByteDance to divest TikTok by Jan. 19 due to national security concerns.
If not resolved, U.S. service providers supporting TikTok could face penalties.
The plan, still preliminary, would have Musk oversee TikTok U.S. alongside X.
ByteDance’s awareness of the plan is unclear.
I give it 12 hours before Trump magically starts supporting the tiktok ban that he’s been so against for the past year or so. And he’ll say he’s always been for banning it and how banning it supports Only True American Media. Etc etc etc.