President Donald Trump has suggested Tesla CEO Elon Musk or Oracle chairman Larry Ellison as potential buyers of TikTok, proposing a joint venture with the U.S. government to secure the app’s operations in the country. Speaking at a press conference, Trump said he would welcome either tech magnate stepping in, adding, “I’d like Larry to buy it, too.”
TikTok’s Uncertain Future Amid Ban Delay
This development follows Trump’s executive order earlier this week to postpone the TikTok ban deadline by 75 days, giving more time for negotiations. The Department of Justice has been directed not to enforce penalties related to the ban during this period. Although TikTok has been restored online, the app remains unavailable in app stores, leaving its future in limbo.
A Bold Proposal: Government Ownership
Trump outlined a potential solution that would allow TikTok to continue operating in the U.S. Under this arrangement, the government would grant TikTok a permit in exchange for 50% ownership of the company. “I have the right to make a deal,” Trump remarked, suggesting a buyer could acquire TikTok and split the company with the U.S. government.
The idea underscores Trump’s intent to address national security concerns while maintaining the app’s availability for millions of American users. By bringing TikTok under partial U.S. ownership, the government would gain oversight of the platform’s operations, including data security and content management.
Why Musk or Ellison?
Both Elon Musk and Larry Ellison are seen as strong candidates for such a high-profile acquisition. Musk’s track record with Tesla and SpaceX demonstrates his ability to handle transformative challenges, while Ellison’s leadership at Oracle positions him as an expert in data security and enterprise technology.
Their involvement could align with Trump’s vision of ensuring TikTok remains a competitive and secure platform in the U.S., mitigating concerns over foreign ownership and influence.
Strategic Implications
If Musk or Ellison were to take the helm, the deal could mark a significant precedent in government partnerships with private tech companies. Such an arrangement could also influence future policies regarding foreign-owned platforms operating within the U.S. market.
While TikTok’s fate is far from decided, Trump’s proposal reflects a willingness to explore unconventional solutions to preserve the app’s presence while addressing security concerns. As negotiations continue, the involvement of industry titans like Musk or Ellison could shape the future of this global social media giant.
