Elon Musk, the owner of companies like Tesla and SpaceX, is now preparing to buy a new social media platform after Twitter (now X). In 2022, Musk paid a hefty sum of $44 billion to buy Twitter, and the deal was done in cash.

After buying Twitter, its name was also changed. The latest report says that Elon Musk is preparing to buy Chinese short video platform TikTok.

According to the report, Musk has shown interest in buying the short video platform amid reports of banning the Chinese app TikTok in the US. These discussions have arisen during the hearing in the US Supreme Court. The US Supreme Court has labeled TikTok and its parent company ByteDance in several cases.

Security is a big issue.
The US government is preparing to ban TikTok in terms of safety. US officials are concerned about the app's connection to the Chinese government and its impact on US security. TikTok is also banned in many countries like India due to safety. TikTok has 170 million active users in the US.

There is a possibility that TikTok may be banned in the US from January 19 under the new rules. If Elon Musk buys TikTok, it may help the app avoid being completely banned. TikTok is a popular platform among youth around the world, especially people in their twenties.

May be banned soon

However, under the new rules introduced by President Joe Biden's administration, US users will not be able to use TikTok from January 20. TikTok has not yet given any information about Musk's purchase of the platform.

Bought Twitter (now X) in 2022

In 2022, Elon Musk bought Twitter for $44 billion (Rs 3.30 lakh crore). President Donald Trump returned to the platform after Twitter was sold. After buying it, Musk has also made many changes to the platform.

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