Could X soon have a little brother? Opinions vary.
As TikTok's owners and users alike continue waiting to find out whether or not it will be officially banned in the United States, rumors circulated Monday night that the Chinese government is considering the possibility of allowing Elon Musk to acquire its U.S. operations.
From CNBC:
The contingency plan is one of several options China is exploring as the U.S. Supreme Court determines whether to uphold a law that calls for China-based ByteDance to divest TikTok's U.S. business by Jan. 19... citing anonymous sources.
The news first broke on Bloomberg, but soon after, TikTok was disputing the claim.
From the BBC:
TikTok has repeatedly said that it will not sell its US operation.
'We can't be expected to comment on pure fiction,' a TikTok spokesperson told BBC News.
The Chinese Communist Party has "Party Committees" that oversee the inner workings of at least 70% of all "private" companies within the nation. Given the fact that TikTok is a major source of propaganda for the commies (and a huge source of brain-drain on their competitors), you can bet TikTok's statement was run through the Party higher-ups before it was released.
If involving Elon was the plan, whoever leaked it to Bloomberg has probably been disappeared for the sake of the reputation of the glorious revolution!
Shark Tank's Kevin O'Leary weighed in with another reason why this plan wouldn't work:
Elon hasn't responded to the reports. Perhaps his Chinese doppelgänger has thoughts?
P.S. Now check out our latest video 👇
