President Donald Trump on Tuesday expressed openness to the possibility of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison purchasing TikTok during a press briefing. Trump suggested TikTok could be valued at $1 trillion with a U.S. operating permit but would be worthless without one. Analysts have valued TikTok’s U.S. business at approximately $50 billion. Trump’s comments come after he signed an executive order giving ByteDance 75 days to sell TikTok to avoid penalties under a national security law.
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Trump Backs Potential TikTok Acquisition by Elon Musk or Larry Ellison After Extending Ban
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