Donald Trump Endorses Potential Elon Musk Acquisition of TikTok US

The US president grants TikTok a 75-day reprieve as speculation grows over Elon Musk's possible $40-$50 billion purchase of the platform's American operations.

TikTok was briefly banned in the US on January 19 due to a 2024 law requiring its Chinese parent company, ByteDance, to sell its American operations over national security concerns.
President Donald Trump signed a decree on January 20 delaying the enforcement of the ban by 75 days, allowing time for a potential resolution.
Trump publicly stated he would support Elon Musk, owner of X and Tesla, purchasing TikTok's US branch if Musk chooses to pursue the acquisition.
Reports suggest the Chinese government may not oppose Musk as a buyer, though ByteDance has dismissed the speculation as unfounded.
TikTok has 170 million US users and plays a significant economic role, with over 7 million small businesses relying on the platform for growth.