TikTok will be banned in the United States on January 19 if the business is not sold to an entity from that country. Several consortiums are reportedly interested in buying TikTok from Bytedance but the company is now awaiting a Supreme Court decision to block the sale from proceeding.
This morning Bloomberg reported that Chinese authorities want TikTok to be taken over by Elon Musk. Immediately after the report was published, TikTok immediately issued a statement to Variety that the report was "just fiction". America wants Bytedance to sell TikTok because it is said to pose a security risk to the country. TikTok uses the reason that the sale should be rejected because it hinders people's freedom of expression.
Donald Trump was later quoted as saying that he did not want TikTok to be banned because it gave power to Meta. He asked the Supreme Court to delay the ban on TikTok until he was sworn in as President. This is a rather strange decision because he began the move to ban TikTok in 2019.