Elon Musk Dismisses Rumors of Buying TikTok, Calls it "Ridiculous"
Tesla CEO Elon Musk has dismissed rumors surrounding a potential acquisition of social media platform TikTok, calling the idea "ridiculous" during a recent interview.
Rumors of Musk’s interest in purchasing TikTok have been circulating in recent weeks, with many speculating that the billionaire entrepreneur was planning to acquire the popular app to integrate it into his own technology empire. However, speaking to a prominent tech publication, Musk was quick to shut down the rumors, describing the idea as "utter nonsense".
"I have a lot of things on my plate, but buying TikTok isn’t one of them," Musk said, laughing off the speculation. "It’s just not realistic. I’ve got Tesla, SpaceX, and other projects to focus on. I don’t have the bandwidth to take on another major acquisition."
Musk’s statement comes as no surprise to many in the tech world, given the complexity and scale of his existing projects. With Tesla facing increasing competition in the electric vehicle market and SpaceX pushing the boundaries of space exploration, it’s unlikely that Musk would have the resources or the appetite to take on another major venture.
TikTok, which has become one of the fastest-growing social media platforms in the world, has been facing increased scrutiny in recent months due to concerns over data privacy and its alleged ties to the Chinese government. Despite these challenges, the platform continues to attract millions of users worldwide, making it a valuable asset for any potential buyer.
While Musk’s dismissal of the rumors should alleviate concerns about his interest in acquiring TikTok, it’s worth noting that he has a history of making unexpected moves in the tech world. In recent years, he has acquired several other companies, including SolarCity, a solar energy firm, and Neuralink, a neurotechnology company.
For now, fans of both Musk and TikTok can rest easy, knowing that the entrepreneur has no plans to bring the two together. As he famously said, "I don’t think I’m cut out to be a social media person. I’m more of a ‘ build-a-large-gut-and-laugh-at-the-unbelievable-amount-of-money-I’m-making’ kind of guy."
